Vtech a calendar year c corporation has accumulated e amp p, Accounting Basics

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Vtech a calendar year c corporation has accumulated e amp p

Vtech, a calendar year C corporation, has accumulated E & P of $4,050,000 as of January 1, 2016. Its current E & P for 2016 is $1,215,000, and it has reasonable business needs of $4,860,000. Vtech's taxable income (as adjusted) is $1,215,000.

Vtech Corporation's accumulated earnings credit is $___________ and ATI is $_____________ .

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Accounting Basics: Vtech a calendar year c corporation has accumulated e amp p

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Accounting Basics: Vtech a calendar year c corporation has accumulated e amp p

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