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Other Fields Homework Help Accounting Topic started by: safezone on Feb 14, 2017



Title: Dexter Corporation reports the following results for the current year:Gross income from ...
Post by: safezone on Feb 14, 2017
Dexter Corporation reports the following results for the current year:

Gross income from operations   $90,000
Dividends from less than 20%-owned corporations   50,000
Operating expenses   75,000
Charitable contributions   10,000

In addition, Dexter has a $25,000 NOL carryover from the preceding tax year. What is Dexter's taxable income for the current year?


Title: Re: Dexter Corporation reports the following results for the current year:Gross income from ...
Post by: strwbrry on Feb 14, 2017
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