Business, 30.10.2019 05:31 samy6570

As of december 31, 20x14, eliot corp. has net income per books of $100,000, which includes municipal bond interest of $4,000, a deduction for business meals of $5,000, a deduction for a net capital loss of $5,000, and a deduction for federal income taxes of $22,000. what is eliot corp.'s current earnings and profits (current e& p) for 20x14? a. $0b. $98,500c. $107,500d. $125,500e. $102,500

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As of december 31, 20x14, eliot corp. has net income per books of $100,000, which includes municipal...