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Accumulated E& P Current E & P Cash Distributions Dividend Income Return of Beginning of Year

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36. complete the following schedule for each case. Unless otherwise indicated assume that the shareholders have ample basis in the stock investment.;Accumulated E& P Current E & P Cash Distributions Dividend Income Return of;Beginning of Year (all on Last day of year) Capital;A. ($200,000) $70,000 $130,000;B. 150,000 (120,000) 210,000;C. 90,000 70,000 150,000;D. 120,000 (60,000) 130,000;E. Same as (d), except that the distribution of $130,000 is made;on June 30 and the corporation uses the calendar year for tax;purposes.

 

Paper#20435 | Written in 18-Jul-2015

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