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The following entities are not subject to double taxation except: a partnership b. sole proprietorship C. corporation d. S corporation QUESTION 6 Best Corporation had gross receipts of $400,000, cost of goods sold of $110,000, other business expenses of $100,000 and a $90,000 net capital loss. Its taxable income is: a $210,000 b. $200,000 C. $190,000 d. $110,000 QUESTION 7 Schedule M-1 is used to reconcile: a uncertain tax positions b.U.S. GAAP and IFRS differences C. Bank statements Book income and taxable income differences doubmit Click Save an answer to s eal answers