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  3. nirvana corporation has taxable income of $40,000.

Nirvana Corporation has taxable income of $40,000. Nirvana Corporation paid $5,000 federal income tax and...

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Accounting

Nirvana Corporation has taxable income of $40,000. Nirvana Corporation paid $5,000 federal income tax and received $8,000 tax-exempt municipal interest. What is its current E&P?

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