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Abbot Corporation reported a net operating loss of $520,000 in 20x3, which the corporation elected to carryforward to 20X4. Included in the computation of the

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Abbot Corporation reported a net operating loss of $520,000 in 20x3, which the corporation elected to carryforward to 20X4. Included in the computation of the taxable loss was regular depreciation of $220,000 (E&P depreciation is $45,000), first year expensing under $179 of $62,000, and a dividends received deduction of $11,200. The corporation's current earnings and profits for 20X3 would be: Multiple Choice ($284,200). ($333,800). ($520,000). O a ($627,000)

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