What doe e-and-p represent and what is its function, Financial Accounting

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What doe e-and-p represent and what is its function

Problem

Earnings and profits concept; the concept of earnings and profits serve an important role in the taxation of corporate distributions address each of the following:

What doe E&P represent and what is its function? Explain the relationship between E&P retained earnings and earned surplus

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Financial Accounting: What doe e-and-p represent and what is its function

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Financial Accounting: What doe e-and-p represent and what is its function

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