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The accumulated earnings tax, which is imposed on corporations for the accumulation of earnings in excess of reasonable business needs, does not apply to: (Points

The accumulated earnings tax, which is imposed on corporations for the accumulation of earnings in excess of reasonable business needs, does not apply to: (Points : 2)

A. Closely-held corporations B. Widely-held corporations C. Corporations subject to the personal holding company tax D. Both b. and c. E. All of the above

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