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In determining Blue Corporation's current E & P for 2015, how should taxable income be adjusted as a result of the following transactions? A capital
In determining Blue Corporation's current E & P for 2015, how should taxable income be adjusted as a result of the following transactions?
A capital loss carryover from 2014, fully used in 2015.
Nondeductible meal expenses in 2015.
Interest on municipal bonds received in 2015.
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