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  3. builtrite had sales of $900,000 and cogs of $280,0

Builtrite had sales of $900,000 and COGS of $280,000. In addition, operating expenses were calculated...

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Accounting

Builtrite had sales of $900,000 and COGS of $280,000. In addition, operating expenses were calculated at 30% of sales. Builtrite also received dividends of $50,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $50,000 was realized during the year along with a capital loss of $70,000

What is Builtrites taxable income?

Group of answer choices

$365,000

$345,000

$340,000

$320,000

$400,000

Answer & Explanation Solved by verified expert
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