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Kitty Corp distributes $100,000 during the year. In each Scenario below, determine how much of the distribution would be considered a dividend. Scenario Current E&P

Kitty Corp distributes $100,000 during the year. In each Scenario below, determine how much of the distribution would be considered a dividend.

Scenario Current E&P Accumulated E&P1.
50,000 50,000
(50,000) 50,000
50,000 (50,000)
(50,000) (50,000)

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