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The following information relates to DLC Corp. for its first year of operations (data in milllons of dollars): The applicable tax rate is 25%. There

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The following information relates to DLC Corp. for its first year of operations (data in milllons of dollars): The applicable tax rate is 25%. There are no other temporary or permanent differences. DLC's taxable income (\$ in millions) is: Multiple Choice $36 $97. $154 C's taxable income (\$ in millions) is: Multiple Choice $36. $97. 5154. 5162

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