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Business, 20.12.2019 05:31 wickedskatboarder

Green corporation has current earnings and profits of $100,000 and negative accumulated earnings and profits of ($200,000). a $50,000 distribution from green to its sole shareholder will not be treated as a dividend because total earnings and profits is a negative $100,000.

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Green corporation has current earnings and profits of $100,000 and negative accumulated earnings and...
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