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    Essentials of Federal Taxation
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    Exam 14: Corporate Nonliquidating and Liquidating Distributions
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    Which of These Items Is Not an Adjustment to Taxable
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Which of These Items Is Not an Adjustment to Taxable

Question 101

Question 101

Multiple Choice

Which of these items is not an adjustment to taxable income to compute current E&P?


A) Dividends received deduction.
B) Tax-exempt income.
C) Net capital loss carryforward from the prior-year tax return.
D) All of these choices are adjustments.

Correct Answer:

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