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Business, 23.07.2019 05:40 bestsonever698

Rose corp, a calendar-year corporation, had accumulated earnings and profits of $40,000 as of january 1, year 1. however, for the first 6 months of year 1,rose corporation had an operating loss of $36,000 and finished the year with a total net operating loss for tax year 1 of $55,000. rose corp distributed loss for tax year 1 of $55,000. rose corp distributed $25,000 to its shareholders on july 1, year 1. which of the following is true?

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