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Hayden purchased 5,000 shares of stock for $20,000 in March XX03. In August XX05, Hayden received a cash dividend of $30,000. Hayden's share of the
Hayden purchased 5,000 shares of stock for $20,000 in March XX03. In August XX05, Hayden received a cash dividend of $30,000. Hayden's share of the corporation's earnings and profits for the year ending XX05 was $5,000. Calculate how much of the $30,000 dividend is treated as capital gain.
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To determine the amount of the 30000 dividend treated as a capital gain we need to calculate the ret...
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Principles of Accounting
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
12th edition
978-1133603054, 113362698X, 9781285607047, 113360305X, 978-1133626985
