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2. Describe the effect of a distribution in a year when the distributing corporation has any of the following: a. A deficit in accumulated E&P

2. Describe the effect of a distribution in a year when the distributing corporation has any of the following: a. A deficit in accumulated E&P and a positive amount in current E&P b. A positive amount in accumulated E&P and a deficit in current E&P c. A deficit in both current and accumulated E&P d. A positive amount in both current and accumulated E&P

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