Which of the following statements is incorrect with respect, Ask an Expert

Accounting

Which of the following statements is incorrect with respect to determining current E&P?

a. all tax-exempt income should be added back to taxable income.

b. Dividends received deductions should be added back to taxable income.

c. charitable contributions in excess of the 10% of taxable income limit should be subtracted from taxable income.

d. federal income tax refunds should be added back to taxable income.

e. none of the above statements are incorrect.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M973771

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