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Business & farm
Good evening!
What happen if i take a distribution about retained earning from prior fiscal year?
For example:
For 2019 fiscal year, i took the total amount of retained earning from 2018 ($20.000). But for this year 2019, the corporation had an earning of $30,000.00. And only i received like compensation of Officers ($5,000.00). Is this reasonable situation?
Thank you in advance!
‎April 30, 2020
9:22 PM