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1. What is earnings and profits equivalent to in GAAP? 2. What is the ordering of distributions from a corporation for tax purposes? 3. Describe

1. What is earnings and profits equivalent to in GAAP?

2. What is the ordering of distributions from a corporation for tax purposes?

3. Describe three common adjustments to taxable income to get to earnings and profits. (This can be short and brief since its for a discussion for my Federal taxation 2 course.)

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