Once invested IN a corporation, shareholders want their money out - they want a return on investment!
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Once invested IN a corporation, shareholders want their money out they want a return on investment! John owns of REFUND CORP INC, which paid out a $ distribution to him on All other shareholders got distributions, which totaled up to $ So a total of $ was distributed on that date! The company was started years ago made money every year! John was an original shareholder. He had invested $ for his stock. REFUND CORP INC had $ in Accumulated E&P at BUT BAD TIMES came in COVID!!! and the company had losses in NO "current earnings and profits" for in fact there was a deficit in E&P for $ Too busy dealing with trying to keep the business running in John never filed a tax return for
How much of this $ distribution will be treated as a dividend?
Related Book For
Linear Algebra And Its Applications
ISBN: 9781292351216
6th Global Edition
Authors: David Lay, Steven Lay, Judi McDonald
Posted Date: