Peach Corporation was formed four years ago. Its current E&P (or E&P deficit) and distributions for the most recent four years are as follows:
$$\begin{array} { | c | c | c | }
\hline \text { Year } & \text { Current E\&P (Deficit) } & \text { Distributions } \
\hline 2005 & ( \$ 20,000 ) & \$ 2,000 \
2006 & 8,000 & 4,000 \
2007 & ( 5,000 ) & 0 \
2008 & 25,000 & 4,000 \
\hline
\end{array}$$ What is Peach's accumulated E&P at the beginning of 2006, 2007, 2008, and 2009?

Question

Peach Corporation was formed four years ago. Its current E&P (or E&P deficit) and distributions for the most recent four years are as follows:
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \text { Current E\&P (Deficit) } & \text { Distributions } \
\hline 2005 & ( \$ 20,000 ) & \$ 2,000 \
2006 & 8,000 & 4,000 \
2007 & ( 5,000 ) & 0 \
2008 & 25,000 & 4,000 \
\hline
\end{array}$$ What is Peach's accumulated E&P at the beginning of 2006, 2007, 2008, and 2009?

Quizplus · Accepted Answer

The Answer of Peach Corporation was formed four years ago. Its current E&P (or E&P deficit) and distributions for the most recent four years are as follows:
 $$\begin{array} { | c | c | c | } 
\hline \text { Year } & \text { Current E\&P (Deficit) } & \text { Distributions } \
\hline 2005 & ( \$ 20,000 ) & \$ 2,000 \
2006 & 8,000 & 4,000 \
2007 & ( 5,000 ) & 0 \
2008 & 25,000 & 4,000 \
\hline
\end{array}$$ What is Peach's accumulated E&P at the beginning of 2006, 2007, 2008, and 2009?

Peach Corporation Was Formed Four Years Ago What Is Peach's Accumulated E&P at the Beginning of 2006