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37. Catamount Company had a current and accumulated E&P of $500,000 at December 31, 20X3. On December 31, the company made a distribution of land

37. Catamount Company had a current and accumulated E&P of $500,000 at December 31, 20X3. On December 31, the company made a distribution of land to its sole shareholder, Caroline West. The land's...

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