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    Exam 4: Corporate Nonliquidating Distributions
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    Current E&P Does Not Include
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Current E&P Does Not Include

Question 38

Question 38

Multiple Choice

Current E&P does not include


A) federal income tax refunds from prior years.
B) tax- exempt interest income.
C) life insurance proceeds where the corporation is the beneficiary.
D) All of the above are included.

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