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Kirland Corporation has the following income and expense items for the year: Gross receipts from sales $65,000 Dividends received from 15% owned domestic corporation 46,000

Kirland Corporation has the following income and expense items for the year: Gross receipts from sales $65,000 Dividends received from 15% owned domestic corporation 46,000 Expenses connected with sales 44,000 The taxable income of Kirkland Corporation is A.$47,000 B.$44,000 C.$111,000 D.$67,000

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