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A companys taxable income of $50,000 includes the following unadjusted items: Interest from municipal bonds $ 5,000 Depreciation in excess of straight-line 12,000 Excessive compensation

A companys taxable income of $50,000 includes the following unadjusted items: Interest from municipal bonds $ 5,000 Depreciation in excess of straight-line 12,000 Excessive compensation 4,000 What is the companys E&P

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