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. 22 Inca Company reports a deficit in current E&P of ($115,000) in 20X3 and accumulated E&P at the beginning of the year of $230,000.

. 22 Inca Company reports a deficit in current E&P of ($115,000) in 20X3 and accumulated E&P at the beginning of the year of $230,000. Inca distributed $330,000 to its sole shareholder on Ja...

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