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Answer the following question based on the Schedule M-1 prepared for ADZ Corporation in Learning Activity 6. Select the other important line on Form 1120
Answer the following question based on the Schedule M-1 prepared for ADZ Corporation in Learning Activity 6. Select the other important line on Form 1120 that definitely contains the income amount shown on line 10 of Schedule M-1:
a) Form 1120, line 3, described as "Gross profit"
b) Form 1120, line 11, described as "Total income"
c) Form 1120, line 27, described as "Total deductions"
d) Form 1120, line 28, described as "Taxable income before net operating loss deduction and
special deductions"
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