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Profital Corp. is an entity with an accounting profit of $100,000 and has an additional taxable revenue of $20,000. During the year, Profital Corp. accounted
Profital Corp. is an entity with an accounting profit of $100,000 and has an additional taxable revenue of $20,000. During the year, Profital Corp. accounted for general doubtful debts of $10,000. Profital Corp.'s tax authority only allows deductions on provisions based on actual incurred bad debt losses. What is the taxable profit of Profital Corp.?
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