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Question 7 Korver Corporation makes a distribution of $100,000 to its shareholders. Current E&P is $50,000. Accumulated E&P (beginning) is -$100,000. What is the taxable

Question 7

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

Current E&P is $50,000.

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

What is the taxable about of the distribution?

DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!

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