LNS Corporation reports book income of $2,940,000. Included in the $2,940,000 is $17.500 of tax-exempt...
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LNS Corporation reports book income of $2,940,000. Included in the $2,940,000 is $17.500 of tax-exempt interest income. LNS reports $2,560,000 in ordinary and necessary business expenses. What is LNS Corporation's taxable income for the year? 3 Answer is complete but not entirely correct. Taxable income 15 640,000
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