Capungo Corporation, a non-CCPC has an LRIP balance of $ 78335 at the end of the 20x1
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Capungo Corporation, a non-CCPC has an LRIP balance of $ 78335 at the end of the 20x1 fiscal year. In 20x2, the company wishes to pay a dividend of $ 302085. During 20x2, prior to the payment of the dividend, the company receives eligible dividends of $ 37619 and non-eligible dividends of $ 86624. How much of the dividend must be paid as a non-eligible dividend?
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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