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Background: C-Corp Joe and Sam each own 15% of the common stock; Joe is President...

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Accounting

Background: C-Corp

Joe and Sam each own 15% of the common stock; Joe is President and CEO, and Sam is COO of the company. Ryan is the CFO and doesnt hold any shares.

Question: How would the following statement be entered on a C-Corporation's 1120 return?

Statement: "During 2022, the corporation distributed a total of $600,000 of dividends to all shareholders during 2022."

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