What is xyz e-p after the distribution

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Question - XYZ Company distributed a table Susie Shareholder at a time when it had $50 of E&P. The filing cabinet was worth $5, had a cost to XYZ of $9, and XYZ claimed $3 of depreciation expense on the filing cabinet. The filing cabinet was encumbered by a $2 mortgage, which Susie assumed. What is XYZ's E&P after the distribution?

Reference no: EM133145968

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