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  3. in the current year, tree inc. had the following i

In the current year, Tree Inc. had the following items of income and expense: Sales...

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Accounting

In the current year, Tree Inc. had the following items of income and expense:

Sales 500,000

Cost of sales 250,000

Dividends received 25,000

The dividends were received from a taxable domestic corporation of which Acorn owns 30%. In Acron's current year corporate income tax return, what maount should be reported as taxable income?

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