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uop acc455 week 3 discussions

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Question;week 3 discussionsHow does a corporation compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxable income purposes but denied for E&P?2Distinguish between current and accumulated earnings and profits. Why is it important to make this distinction?

 

Paper#42260 | Written in 18-Jul-2015

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