Distributions that are not dividends are a return of capital and cause the shareholder's capital account to increase.
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Q1: In the current year, Pink Corporation has
Q4: Nondeductible meal and entertainment expenses must be
Q13: Dividends are always taxed as ordinary income.
Q14: Cash distributions received from a corporation with
Q16: A distribution in excess of E &
Q18: When computing current E & P,taxable income
Q19: The dividends received deduction is added back
Q20: A corporation borrows money to purchase State
Q22: Regardless of any deficit in accumulated E
Q32: Corporate distributions are presumed to be paid
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