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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $90,000 Cost of Goods Sold $615,000 Other Operating Expenses $550,000 Sales

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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $90,000 Cost of Goods Sold $615,000 Other Operating Expenses $550,000 Sales $2,460,000 Wages and Salaries $435,000 Capital Gain $20,000 Calculate Flip's taxable income for the current year. B D E HNM Taxable income (Net Operating Loss)= 4 5 6 7 8 9 10

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