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. On January 1 of the current year, ImagineNation Corporation had accumulated E & P of $50,000. It had $150,000 of current E & P,

. On January 1 of the current year, ImagineNation Corporation had accumulated E & P of $50,000. It had $150,000 of current E & P, earned evenly throughout the year. ImagineNation makes one c...

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