On April 12, 2018 corporation made cash distribution of $16,000 and it has current e&p $18,000 and accumulated e&p ($2,000). What is the return of capital after the distribution?
On April 12, 2018 corporation made cash distribution of $16,000 and it has current e&p $18,000 and accumulated e&p ($2,000). What is the return of capital after the distribution?
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 4PB: Use the following information from Isthmus Companys financial statements to prepare the operating...
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![On April 12, 2018 corporation made cash
distribution of $16,000 and it has current e&p
$18,000 and accumulated e&p ($2,000). What
is the return of capital after the distribution?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe5e6504d-369a-4b68-9c89-c534f1c23522%2Fdc90cee4-1fc9-460e-b21d-c32a8814c59b%2Fxxy5y0l_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On April 12, 2018 corporation made cash
distribution of $16,000 and it has current e&p
$18,000 and accumulated e&p ($2,000). What
is the return of capital after the distribution?
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