A) Return of Capital /Capital Gain / Taxable Dividend

B) A capital gain or Return of Capital / Taxable Dividend or Capital Gain / Taxable Dividend or Capital

C)

i) Return of Capital / Capital Gain / Taxable Dividend

ii) Return of Capital / Capital Gain / Taxable Dividend

D) Return of Capital / Capital Gain / Taxable Dividend

Discussion Question 19-2 (LO. 3) Classify the effect of a distribution in a year when the distributing corporation has the following conditions. a. A deficit in accumulated E & P and a positive amount in current E & P. If a distributing corporation has a deficit in accumulated E & P and a positive amount in current E & P, a distribution during the year is a to the extent of current E & P. b. A positive amount in accumulated E & P and a deficit in current E & P. If the corporation has a positive amount in accumulated E & P and a deficit in current E & P, a distribution either is a , depending on the resulting balance in E & P when current and accumulated E & P are netted. c. A deficit in both current and accumulated E & P. to the extent of the If there is a deficit in both current and accumulated E & P, a corporate distribution is treated as a shareholder's basis in his or her stock. Any excess is a d. A positive amount in both current and accumulated E & P. If there is a positive amount in both current and accumulated E & P, to the extent of the positive balance in both amounts, the distribution is a