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Mandarini Mandarini
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7 years ago
Potter Corporation reports the following results for the current year:

Operating income   $40,000
Dividend income   35,000
Interest income   25,000
Other expenses   25,000
Passive income-related expenses   20,000

At the end of the year, Potter's Subchapter C E&P is $50,000. What is the amount of Potter's excess net passive 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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strwbrrystrwbrry
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7 years ago
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Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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Mandarini Author
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#2
7 years ago
Wow you guys are great!!!!!!!!!!!!!!

always correct
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#3
4 years ago
Thank you
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3 years ago
Thank you
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