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Korver Corporation makes a distribution of $100,000 to its shareholders. Current E&P is $50,000. Accumulated E&P (beginning) is -$100,000. a. What is the taxable about

Korver Corporation makes a distribution of $100,000 to its shareholders.

Current E&P is $50,000.

Accumulated E&P (beginning) is -$100,000.

a. What is the taxable about of the distribution?

b. What is the ending balance in E&P after the distribution?

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