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Gorgantic plans to pay a capital dividend. The capital dividend account at the beginning of 2019 was $50,000 and arose from capital gains. During the
Gorgantic plans to pay a capital dividend. The capital dividend account at the beginning of 2019 was $50,000 and arose from capital gains. During the year gorgantic has taxable capital losses of 60,000 and received a capital dividend of 30,000. what is the maximum amount of capital dividends that can be paid at end of the year
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