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2. The DEF Corp has $3,000 of accumulated E&P and $18,000 of current E&P. It distributed $5,000 on February 15, and $45,000 on November 15.

2. The DEF Corp has $3,000 of accumulated E&P and $18,000 of current E&P. It distributed $5,000 on February 15, and $45,000 on November 15. (a) How much of each distribution is a dividend? (b) Suppose it was $18,000 of accumulated and $3,000 of current

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