LNS corporation reports book revenue of $2,720,000. Included in the $2,720,000 is $31,000 of tax-exempt...
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Accounting
LNS corporation reports book revenue of $2,720,000. Included in the $2,720,000 is $31,000 of tax-exempt interest income. LNS reports $2,485,000 in ordinary and necessary business expenses. What is LNS Corporations taxable income for the year?
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