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JoJo Co., a calendar year C-corp., has a beginning of year accumulated E & P deficit balance of $30,000 and current year E & P of $10,000. On June 30, the corporation makes an $8,000 distribution to its sole shareholder. How much of this distribution is considered a dividend to the shareholder?a)$5,000b)$8,000c)$0d)$10,000
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