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  3. question 2 of 15. during the year, rwl corporation

Question 2 of 15. During the year, RWL Corporation earned enough profits to pay dividonds...

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Accounting

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Question 2 of 15. During the year, RWL Corporation earned enough profits to pay dividonds to its shareholders. RWL is a corporation. What are the tax consequences of this distribution? The corporation will increase their earnings and profits by the amount distributed The corporation will reduce its taxable income by the amount distributed The corporation will pay a flat tax of 21% on the amount distributed There are no tax consequences for the corporation, but the shareholders will pay tax on the dividends they receive and report the amount on their individual Forms 1040 Mark for follow up

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