Rust Corporation Has Accumulated E & P of $30,000 on January

question 84

Multiple Choice

Rust Corporation has accumulated E & P of $30,000 on January 1,2010.In 2010,Rust Corporation had an operating loss of $40,000.It distributed cash of $20,000 to Andre,its sole shareholder,on December 31,2010.Rust Corporation's balance in its E & P account as of January 1,2011,is:

• A)$30,000 deficit.
• B)$10,000 deficit.
• C)$0.
• D)$30,000.
• E)None of the above.

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Definitions:

Countries

are distinct territorial bodies or political entities recognized by international law, usually characterized by a permanent population, defined territory, government, and capacity to enter into relations with other states.

Men

refers to adult human males, characterized by specific biological attributes and roles within societies.

Women

Individuals who identify as female, typically biologically characterized by two X chromosomes.

Operant Conditioning

This learning mechanism, called Operant Conditioning, enhances or diminishes behaviors by applying incentives or consequences.