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Identify which of the following statement is correct. Select one: O a. If both the current and accumulated E&P have a balance of zero,
Identify which of the following statement is correct. Select one: O a. If both the current and accumulated E&P have a balance of zero, a corporate distribution cannot be characterized as a dividend. O b. A corporation recognizes gain when distributing cash as a dividend to its shareholders. O c. Both statements are true Od. Both statements are false
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