J Corporation had a balance of $20,000 in accumulated E&P at the beginning of the year.  Its current E&P for the year were $25,000.  During the year, J made two distributions to its sole shareholder: $30,000 on June 1 and $20,000 on October 1.  The distribution on October 1 represents a dividend of

$15,000

$4,000

$10,000

$6,000

None of the above

Answer rating: 100% (QA)

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