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The following information is available with respect to Purple, Inc.: Prior accumulated losses ( $ 1 , 0 0 0 , 0 0 0 )
The following information is available with respect to Purple, Inc.:
Prior accumulated losses $
Current income $
If Purple makes a distribution of $ to its shareholders on June in the ordinary course of business ie it does not represent a
contraction of the company nor reduce anyone's ownership interest what is the best estimate of how much is taxable as a dividend?
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