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acct 387 hw ch 16 q 1 LNS Corporation reports book revenue of $2,430,000, Included in the $2,430,000 is $25,000 of tax-exempt interest income. LNS

acct 387 hw ch 16 q 1
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LNS Corporation reports book revenue of $2,430,000, Included in the $2,430,000 is $25,000 of tax-exempt interest income. LNS reports $5,785,000 in ordinary and necessary business expenses. What is LNS Corporation's taxable income for the year

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