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12-04-2024
Business

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Kirland Corporation has the following income and expense items for the year: Gross receipts from sales $65,000 Dividends received from 15% owned domestic corporation 46,000 Expenses connected with sales 44,000 The taxable income of Kirkland Corporation is
A.$47,000
B.$44,000
C.$111,000
D.$67,000

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