Dividends Paid Out of a Subsidiary's E & P to the Parent

question 84

Short Answer

Dividends paid out of a subsidiary's E & P to the parent cause a positive/negative)
adjustment to the parent's stock basis of the subsidiary.

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Definitions:

House of Commons

The lower house of the Parliament of the United Kingdom, consisting of Members of Parliament (MPs) elected by the public to represent constituencies.

Virtual Representation

The idea that the American colonies, although they had no actual representative in Parliament, were “virtually” represented by all members of Parliament.

House of Commons

The lower house of the Parliament of the United Kingdom, consisting of Members of Parliament elected to represent constituencies.

Seven Years' War

A global conflict fought between 1756 and 1763, involving most of the great powers of the time and affecting Europe, North America, Central America, the West African coast, India, and the Philippines.