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In 2022, Brilliant Corporation reports gross income of $170,000 (including $110,000 of profit from its operations and $60,000 in dividends from less-than-20%-owned domestic corporations) and
In 2022, Brilliant Corporation reports gross income of $170,000 (including $110,000 of profit from its operations and $60,000 in dividends from less-than-20%-owned domestic corporations) and $185,000 of operating expenses. Read the requirements. Requirement a. What is Brilliant's net operating loss (NOL) for 2022? (Use parentheses or a minus sign for an NOL) Gross income Income (NOL) before dividends-received deduction Income (NOL) for 2022
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