Silver Corporation, a calendar year taxpayer, has taxable income of $550,000. Among its transactions for the year are the following: 
Disregarding any provision for Federal income taxes, Silver Corporation's current E & P is:
A) $500,500.
B) $588,500.
C) $599,500.
D) $687,500.
E) None of the above.
Correct Answer:
Verified
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