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Mandarini Mandarini
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Posts: 1250
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7 years ago
Green Corporation, a closely held operating corporation, reports the following:

Taxable income   $200,000
Long-term capital gain   30,000
Dividends-received deduction   20,000
Federal income taxes on long-term capital gain   11,700
Accumulated earnings credit   80,000
Federal income taxes   65,150

Calculate Green's accumulated taxable income.
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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genflynngenflynn
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7 years ago
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More solutions for this book are available here
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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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