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Hardy Corporation's financial statements show the following for the current year: Net income per books $208,000 Tax exempt interest Net capital loss Federal taxes

 

Hardy Corporation's financial statements show the following for the current year: Net income per books $208,000 Tax exempt interest Net capital loss Federal taxes accrued Book depreciation in excess of tax depreciation 4,000 What is the amount of Hardy Corporation's taxable income? 10,000 8,000 70,000

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