Question: Inca Company reports a deficit in current E 8 P of ( $ 1 9 5 , 0 0 0 ) in 2 0 3

Inca Company reports a deficit in current E8P of ($195,000) in 203 and accumulated E8P at the beginning of the year of $390,000. Inca distributed $490,000 to its sole shareholder on January 1,203. How much of the ditribunn is treated as a dividend in 20\times 3?
Multiple Choice
$0
$490.000
$195,000
$390,000
Inca Company reports a deficit in current E 8 P

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