Which does not increase the E & P of a corporation? a. Dividends received deduction b....

Which does not increase the E & P of a corporation?

a. Dividends received deduction

b. Collection of proceeds from an insurance policy on the life of a key employee

c. Federal income tax refund

d. Charitable contributions in excess of 10% limitation

e. None of the above

Expert Solution

B. Adjustments of E and P ( Earning and profit) does not include Collection of proceeds from an insurance policy of life of key employee.

Expensditure that is not capitalisable or non deductable shall be deducted from E and P.

ekkarill92 answered 2 years ago

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