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Which of the folliowing statements best describes accumulated E&P? a. Accumulated economic income that can be distributed without impairing Capital b. Accumulated net income as
Which of the folliowing statements best describes accumulated E&P?
a. Accumulated economic income that can be distributed without impairing Capital
b. Accumulated net income as determoined for financial accounting purposes for prior years and adjusted for distributions
c. Accumulated taxable income of prior years and adjusted for distributions
d. Retained earnings as determined for financial acconting purposes and adjusted for distributions.
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