1. Genesis Inc. was formed in 2015. Its current E&P and distributions to shareholders made each year are listed below. Year Current E&P Distribution 2015 ($10,000) $0 2016 ($6,000) $9,000 2017 $11,000 $7,000 2018 $15,000 $19,000. 
2. 
   
3. What is Genesis Inc.’s year-end accumulated E&P(after the distributions) at the end of each year and what is the tax status of each distribution?

Answer rating: 100% (QA)

ANS WER 2015 0 2016 3 000 2017 14 000 2018 33 000 W... View the full answer