Oxnard Corporation has accumulated E&P of negative $40,000 and current E&P of $50,000. Oxnard made a $60,000 dividend distribution to its shareholders during the year. As a result of this distribution _______.

Question options:

	a. the corporation's accumulated E&P at the end of the year will equal negative $50,000
	b. the corporation's accumulated E&P at the end of the year will equal negative $40,000.
	c. The shareholders' total basis in stock will stay the same as before the distribution