McGraw-Hill's Taxation of Business Entities 3rd Edition by Connie Weaver, Brian Spilker, Edmund Outslay, John Robinson, Ronald Worsham, Benjamin Ayers, John Barrick

تمرين 36

True or False. A calendar-year corporation has negative current E P of $100 and accumulated E P of $100. A cash distribution of $100 to the corporation's sole shareholder on June 30 will not be treated as a dividend because total E P at December 31 is $0. Explain.