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describe the effect of a distribution in a year when the distributing corporation has any of the following:

[A] A deficit in accumulated E & P and a positive amount in current E and P.

[B] A positive amount in accumulated E & P and a deficit in current E and P.

[C] A positive amount in both current and accumulated E and P.

[D] A deficit in both current and accumulated E and P.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M916118

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