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( 1 0 points, 2 point each ) Chapter 5 . SPA Corporation had the following transactions in 2 0 1 6 , its second

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(10 points, 2 point each) Chapter 5. SPA Corporation had the following transactions in 2016, its second year of
operation. Determine its current E&P for 2016.
Determine SPA's current E&P in 2016 using the following table. Specifically, adjust each item below from
Taxable Income to arrive at current E&P.
What is a?
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