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What is ending accumulated E and P

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Question A. Accumulated E&P = $20,000. Current E&P = $30,000. Distributions: April 10 = $20,000, July 15 = $24,000, and September 15 = $36,000. How much of each distribution would be a dividend?

Question B. Current E&P = 30,000 and accumulated E&P is a deficit of $20,000. The distributions are the same as part D.

Question C. Accumulated E&P = $15,000. Current E&P = $(12,000). Current E&P is incurred ratably through the year. Distribution = $10,000 on September 1. What is ending accumulated E&P?

Question D. What if the distribution in part C is $1,000 instead?

Reference no: EM132472082

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