Question: In determining Blue Corporations current E & P for 2014, how should taxable income be adjusted as a result of the following transactions? a. A

In determining Blue Corporation’s current E & P for 2014, how should taxable income be adjusted as a result of the following transactions?
a. A capital loss carryover from 2013, fully used in 2014.
b. Nondeductible meal expenses in 2014.
c. Interest on municipal bonds received in 2014.
d. Nondeductible lobbying expenses in 2014.
e. Loss on a sale between related parties in 2014.
f. Federal income tax refund received in 2014.

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