FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

not sure about this one thanks Inca Company reports a deficit in current E&P of ($115,000) in 203 and accumulated E&P at the beginning of

not sure about this one thanks

image text in transcribed

Inca Company reports a deficit in current E\&P of ($115,000) in 203 and accumulated E\&P at the beginning of the year of $230,000. Inca distributed $330,000 to its sole shareholder on January 1,203. How much of the distribution is treated as a dividend in 203 ? Multiple Choice $0 $115,000 $230,000 $330,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Knowledge Audit Of A Private Higher Education Institution Enhancing Organisational Performance Through Effective Knowledge Management

A Knowledge Audit Of A Private Higher Education Institution Enhancing Organisational Performance Through Effective Knowledge Management

Authors: Ushe Makambe

1st Edition

365951960X, 978-3659519604

More Books

Students also viewed these Accounting questions

Question

★★★★★
Using the appropriate interest table, provide the solution to each of the following four questions by computing the unknowns. (a) What is the amount of the payments that Ned Winslow must make at the...

Answered: 1 week ago

Question

★★★★★
Briefly explain how a lag network allows the low-frequency gain to be increased to improve steady-state error without having the system become unstable.

Answered: 1 week ago

Question

★★★★★
=+An article in the Journal of Ecology (A Comparison of Methods for Estimating Seed Numbers in the Soil [1990]: 10791093) considered three such methods. The accompanying data give number of seeds...

Answered: 1 week ago

Question

★★★★★
Kemp Manufacturing set 70,000 direct labor hours as the 2010 capacity measure for computing its predetermined variable overhead rate. At that level, budgeted variable overhead costs are $315,000....

Answered: 1 week ago

Question

★★★★★
not sure about this one thanks Inca Company reports a deficit in current E\&P of ($115,000) in 203 and accumulated E\&P at the beginning of the year of $230,000. Inca distributed $330,000 to its sole...

Answered: 1 week ago

Question

★★★★★
Link Inc. acquires all of the outstanding stock of Ganondorf Corporation on January 1, 2017. At that date, Ganondorf only owns three assets and no liabilities: Book Value Fair Value Inventory P40,000...

Answered: 1 week ago

Question

★★★★★
2) years, a rancher received $900 from an investment that earned 3% interest compounding annually. Using the table below, how much did the rancher invest? Express your answer to two (2) decimal...

Answered: 1 week ago

Question

★★★★★
Research your findings on the issues on Environmental Engineering , What types of positions may be included in a modern safety and health team in those area, Certification specifications etc. ( Try...

Answered: 1 week ago

Question

★★★★★
Use the following information to answer questions 12-13 below. It is now the beginning of January Sales are forecast at 100,000 units for January, 130,000 units for February, and 150,000 units for...

Answered: 1 week ago

Question

★★★★★
Untitled 17 Google X Inbox UBC UBC Stu UBC Course S UBC Canvas Assignm =Free Intr UBC Canvas Slides: E X Desmos G Booking New Tab C canvas.ubc.ca/courses/130366/assignments/1769231 * New Chrome...

Answered: 1 week ago

Question

★★★★★
Identifyandbriefly describethestrengths andweaknessesobserved inboththe Alphaandthe Beta cases. Identify and discuss two dimensions/types of challenges/barriers related to the technology...

Answered: 1 week ago

Question

★★★★★
I have the equipment and related resources I need to do my job well.

Answered: 1 week ago

Question

★★★★★
In anticipation of upgrading its web presence, the American Woodcrafters Association asked those who visited its public site during September, October, and November (207 hits; 112 responses) to...

Answered: 1 week ago

Question

★★★★★
My opinions/suggestions are valued.

Answered: 1 week ago

Previous Question Next Question