During the current year, Sea Corp reported gross income from operations of $100,000 and operating...
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Accounting
During the current year, Sea Corp reported gross income from operations of $100,000 and operating expenses of $150,000. Sea Corp also received dividend income of $90,000 from a domestic corporation in which Sea is a 20% shareholder. What is the amount of Sea Corps net operating loss? a. 0 b. 23,000 c. 32,000 d. 40,000
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