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Builtrite had sales of $600,000 and COGS of $200,000. In addition, operating expenses were calculated at 30% of sales. Interest expense was $20,000. Builtrite
Builtrite had sales of $600,000 and COGS of $200,000. In addition, operating expenses were calculated at 30% of sales. Interest expense was $20,000. Builtrite also received dividends of $30,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $30,000 was realized during the year along with a capital loss of $40,000. What is Builtrite's taxable income? $230,000 $209,000 $205,000 O $184,000 Next-
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