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Starling Corporation has accumulated E & P of $60,000 on January 1, 2013. In 2013, Starling Corporation had an operating loss of $90,000. It distributed
Starling Corporation has accumulated E & P of $60,000 on January 1, 2013. In 2013, Starling Corporation had an operating loss of $90,000. It distributed cash of $40,000 to Zoe, its sole shareholder, on December 31, 2013. Starling Corporations balance in its E & P account as of January 1, 2014, is
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