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Home Q & A Board Other Fields Homework Help Business Accounting
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safezone safezone
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7 years ago
Khuns Corporation, a personal holding company, reports the following:

Rental income   $50,000
Depreciation   10,000
Interest expense   5,000
Real estate taxes   2,000
Maintenance expenses   5,000
Administrative expenses   5,000

Calculate Khuns Corporation's adjusted income from rents (AIR).
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
Authors:
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That's not philosophy, it's geometry
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genflynngenflynn
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7 years ago
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More solutions for this book are available here
1
We have the most crude accounting tools. It's tragic because our accounts and our national arithmetic doesn't tell us the things that we need to know.

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safezone Author
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7 years ago
Thank you, thank you, thank you!
jaray75
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Yesterday
Smart ... Thanks!
jmelchor77
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2 hours ago
Brilliant ツ
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