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What is truckit current e-p

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Question - This year Truckit reported income of $160,000 and received $20,000 of municipal interest. Truckit paid $55,000 in entertainment expenses and $15,000 in fines and penalties Truckit had $50,000 of accumulated E&P at the beginning of the year. What is Truckit's current E&P?

A. $180,000

B. $142,200

C. $110,000

D. $76,400

Reference no: EM133019069

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