Which of the following statements is true? from a corporation will be taxable only if the corporation has a postive E & P balance. O B. All cash distributions received from a corporation with a positive balance in accumulated E &P at the beginning of O C. A distribution cannot generate (or add to) a deficit in E & P O D. Regardless of any deficit in current E & P, distributions during the year are taxed as dividends to the extent of accumulated E & P