Question: When you have a positive current E&P balance and a positive accumulated E&P balance but not enough E&P to allocate to the distributions for the

When you have a positive current E&P balance and a positive accumulated E&P balance but not enough E&P to allocate to the distributions for the year you need to allocate the current E&P pro

-

rata based on the relative built

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in gains of the distributed assets and accumulated E&P is allocated chronological.

True or

False

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