For this journal, pretend that you are serving as the CFO of a large corporation, and the CEO has requested that you review the income statement of your organization to make recommendations on how to best distribute the income. Reflect on the material presented in this unit, and provide your thoughts and rationale for what you would recommend being distributed and to whom.

Your journal discussion should include a cash and property distribution scenario. You should discuss and provide an example of how $E$ & $P$ will be affected, as well as the tax consequences of the transaction.