Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bruin company reports current e&p of $310,000

Bruin Company reports current E&P of $310,000 in 20X3 and accumulated E&P at the beginning...

80.2K

Verified Solution

Question

Accounting

Bruin Company reports current E&P of $310,000 in 20X3 and accumulated E&P at the beginning of the year of $155,000. Bruin distributed $510,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A noted HR trend is that “compensation entitlements are going out the window” fixed or secure...

General Management
Q

3 100 C 4 Zero 23 Charge Q on capacitor varies with voltage Vas shown...

Physics
Q

A fair eight sided die is tossed Determine the odds against rolling a number less...

Basic Math
Q

Use Venn diagrams to prove or disprove each statement Remember to draw a diagram for...

Basic Math
Q

If f x f x 2x tan x Find f 5 sec x find

Calculus
Q

23 a lim x 4 x 5 x 4 b lim x 4 x 5...

Calculus
Q

What is the effective annual rate if a bank charges...

Accounting
Q

Electro Company manufactures transmissions for electric cars. Management reports ending finished...

Accounting
Q

Assume Maplewood Manufacturing bought three machines in a $75,000 lump-sum purchase.An independent appraiser valued the...

Accounting
Q

Ivanhoe Clinic purchases land for $540000 cash. The clinic assumes $4200 in property taxes due...

Accounting
Q

can you give me detailed example of Variable cost and Fixed cost of Bag Company...

Finance
Q

Hair World Inc. is a wholesaler of hair supplies. Hair World uses a perpetual inventory...

Accounting