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Problem 13-58 (LO 13-2) (Algo) LNS Corporation reports revenues of $2,150,000. Included in the $2,150,000 is $23,250 of tax-exempt interest income. LNS reports $1,492,500 in
Problem 13-58 (LO 13-2) (Algo) LNS Corporation reports revenues of $2,150,000. Included in the $2,150,000 is $23,250 of tax-exempt interest income. LNS reports $1,492,500 in ordinary and necessary business expenses. What is LNS Corporation's taxable income for the year? Taxable income
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