Wildcat Corporation reportsa deficit in current E&P of ($200,000)in 20X3 and accumulated E&P at the beginning of the year of $100,000. Wildcat distributed $300,000 to its sole shareholder on December 31, 20X3. How much of the distribution is treated as a dividend in 20X3?
A)$0
B)$100,000
C)$200,000
D)$300,000

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The Answer of Wildcat Corporation reportsa deficit in current E&P of ($200,000)in 20X3 and accumulated E&P at the beginning of the year of $100,000. Wildcat distributed $300,000 to its sole shareholder on December 31, 20X3. How much of the distribution is treated as a dividend in 20X3?
A)$0
B)$100,000
C)$200,000
D)$300,000

Wildcat Corporation Reportsa Deficit in Current E&P of ($200,000)in 20X3