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

تمرين 64

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.