Homework answers / question archive /  What is the current earnings and profits (E&P) of a corporation with taxable income of $10,000 that included the following unadjusted items: Meals                                                                                  $ 200 Capital loss carried over from prior year                     3,000 A)   $7,100 B)   $10,000 C)  $12,800 D)   $12,900

 What is the current earnings and profits (E&P) of a corporation with taxable income of $10,000 that included the following unadjusted items: Meals                                                                                  $ 200 Capital loss carried over from prior year                     3,000 A)   $7,100 B)   $10,000 C)  $12,800 D)   $12,900

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 What is the current earnings and profits (E&P) of a corporation with taxable income of $10,000 that included the following unadjusted items:

Meals                                                                                  $ 200

Capital loss carried over from prior year                     3,000

A)   $7,100

B)   $10,000

C)  $12,800

D)   $12,900