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[ The following information applies to the questions displayed below. ] Selected account balances from the adjusted trial balance for Olinda Corporation as of its

[

The following information applies to the questions displayed below.

]

Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar yearend December

31

follow. Assume that the company's income tax rate is

40 %

for all items.

\

table

[[,

Debit,Credit

], [

.

Interest revenue,,$

14, 400

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