Kitty Corp distributes $100,000 during the year. In each Scenario below, determine how much of the distribution would be considered a dividend.
Scenario Current E&P Accumulated E&P1. 50,000 50,000 (50,000) 50,000 50,000 (50,000) (50,000) (50,000)
a) $0
b) $50,000
c) $100,000
d) $150,000
