Tomika Corporation Has Current and Accumulated Earnings and Profits of $0.tomika

Question 15
Multiple Choice

Tomika Corporation has current and accumulated earnings and profits of $0.Tomika distributes $10,000 to its sole shareholder,Alana.What are Tomika's earnings and profits after the distribution? A) $0 B) ($10,000) C) $10,000 D) none of the above