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In the current year, a corporation reported a $50,000 taxable income. Using the following information, determine the corporation's E&P for the current year. - Deferred Gain on Installment Sale: $5,500 -LIFO Recapture: $300 -Organizational Expense Amortization: $250
You watch too many stupid Japanese mangos I swear this is very out of context and is a quote from something else