Question: In determining Blue Corporation's current E & P for 2016, how should taxable income be adjusted as a result of the following transactions? a. A

In determining Blue Corporation's current E & P for 2016, how should taxable income be adjusted as a result of the following transactions?
a. A capital loss carryover from 2015, fully used in 2016.
b. Nondeductible meal expenses in 2016.
c. Interest on municipal bonds received in 2016.
d. Nondeductible lobbying expenses in 2016.
e. Loss on a sale between related parties in 2016.
f. Federal income tax refund received in 2016.

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