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    Federal Taxation
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    Exam 19: Corporations: Distributions Not in Complete Liquidation
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    In General, How Are Current and Accumulated Earnings and Profits
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In General, How Are Current and Accumulated Earnings and Profits

Question 172

Question 172

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In general, how are current and accumulated earnings and profits allocated to corporate distributions?

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(1) Current E & P is applied first to di...

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