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Question 11 2 pt Builtrite Company had sales of $600,000 with operating expenses of $150,000 and costs of goods sold of $180,000. Interest expense
Question 11 2 pt Builtrite Company had sales of $600,000 with operating expenses of $150,000 and costs of goods sold of $180,000. Interest expense amounted to $40,000 and $50,000 in common stock dividends were received. Common stock, which had been purchased eight months earlier for $20,000 was sold for $30,000. Calculate Builtrite's taxable income. O $165,000 $215,000 $255,000 $345,000 O $395,000
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