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The following information relates to DLC Corp for its first year of operations (data in millions 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 millions 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 $130. $119 $126. $51

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