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  3. your company has $26,000,000 of adjusted taxable i

Your company has $26,000,000 of Adjusted Taxable income. You have incurred $12,000,000 of business interest...

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Accounting

Your company has $26,000,000 of Adjusted Taxable income. You have incurred $12,000,000 of business interest expense and received $750,000 of business interest income. How much business Interest Expense is your company allowed to deduct on this year's tax return?

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