Waltjohn Corporation has $5,000 in CE P and $10,000 in AE P It has two shareholders, Walter and John On April 1 of the current year, Walter received a $10,000 distribution from the corporation on his Class A common stock On July 1, John received a $10,000 distribution on his Class B common stock Ho...

Walter will have a 10000 dividend distribution John will have a 5 ...

Waltjohn Corporation has $5,000 in CE&P and $10,000 in AE&P. It has two shareholders, Walter and John.

Question:

Waltjohn has $5,000 in CE&P and $10,000 in AE&P. It has two shareholders, Walter and John. On April 1 of the current year, Walter received a $10,000 from the on his Class A common stock. On July 1, John received a $10,000 on his Class B common stock. How will the identify these distributions on the shareholders' Forms 1099-DIV?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...