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  3. based on the following 2018 income and expense inf

BASED ON THE FOLLOWING 2018 INCOME AND EXPENSE INFORMATION FOR SPURLOCK CORP, HOW MUCH IS...

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Accounting

BASED ON THE FOLLOWING 2018 INCOME AND EXPENSE INFORMATION FOR SPURLOCK CORP, HOW MUCH IS SPURLOCK'S TAXABLE INCOME?

gross profit FROM SALES 65,000

dividends from 15%owned domestic corporation 40,000

operating expenses 30,000

43,000

55,000

75,000

105,000

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