James Corporation owns 85% of the stock of jerry Corporation, James has net operating income...
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Accounting
James Corporation owns 85% of the stock of jerry Corporation, James has net operating income of $900,000 for the year, not incliuding a dividend received from jerry of $10,000. Whar will be James corporation's taxable income for the year?
a. 1,027,500
b.900,000
c.1,050,000
d.945,000
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