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Investors formed Mango Corporation in Year 1. Its current E&P (or current E&P deficit) and distributions for Years 1 through 4 are as follows: B
Investors formed Mango Corporation in Year 1. Its current E&P (or current E&P deficit) and distributions for Years 1 through 4 are as follows: B (Click the icon to view the data.) Requirement What is Mango's accumulated E&P at the beginning of Years 2 through 5? (Use parentheses or a minus sign for deficits.) Accumulated E&P (deficit) Beginning of Year 2 Data table Beginning of Year 3 Beginning of Year 4 Beginning of Year 5 Year 1 Current E&P (Deficit) Distributions $ (7,750) $ 3,000 (13,500) 0 10,500 4,250 15,000 16,500 Year 2 Year 3 Year 4 Print Done
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