Omega Corporation is formed in 2006. Its current E&P and distributions for each year through 2010 are as follows:
Is the distribution made from current or accumulated E&P? At the beginning of 2011, what is accumulated E&P?

Question

Omega Corporation is formed in 2006. Its current E&P and distributions for each year through 2010 are as follows:
  Is the distribution made from current or accumulated E&P? At the beginning of 2011, what is accumulated E&P?

Quizplus · Accepted Answer

The Answer of Omega Corporation is formed in 2006. Its current E&P and distributions for each year through 2010 are as follows:
  Is the distribution made from current or accumulated E&P? At the beginning of 2011, what is accumulated E&P?

Omega Corporation Is Formed in 2006