Bruin Company reports current E&P of $320,000 in 20X3 and accumulated E&P at the beginning of the year of $160,000. Bruin distributed $520,000 to its sole shareholder on January 1, 20X3. How much of the distribution is treated as a dividend in 20X3? Multiple Choice $520,000. $480,000. $320,000. $160,000.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is