MERRIMACK

COLIEGE

$31$

ABC Corp. has current E&P of $($$$1,000,000)$ and accumulated $E$&$P$ of $$1,000,000.$ ABC Corp. distributes $$1,000,000$ on July $1.$ What is the dividend $($if any$)$ to the

$2$ points shareholders?

$0$

Dashboard

$$500,000$

$$250,000$

Courses

$1$

$$1,000,000$