True or False. A calendar-year corporation has positive current E&P of $100 and accumulated negative E&P of
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True or False. A calendar-year corporation has positive current E&P of $100 and accumulated negative E&P of $200. A cash distribution of $100 to the corporation’s sole shareholder at year-end will not be treated as a dividend because total E&P is negative $100. Explain.
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False A cash distribution to a corporations shareholder is generally treated as a dividend to the ex...View the full answer
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Related Book For 
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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