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Business, 10.03.2020 18:29 babas97

Tomika Corporation has current and accumulated earnings and profits of $0. Tomika distributes $10,000 to its sole shareholder, Alana. What are Tomika's earnings and profits after the distribution?
A) $0
B) ($10,000)
C) $10,000
D) none of the above

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Answers: 2

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Tomika Corporation has current and accumulated earnings and profits of $0. Tomika distributes $10,00...
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