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The Goldilocks Corporation with the following summarized details for the current year: Total sales: $120,000,000 COGS: $32,500,000 Taxable Income: $40,000,000 Arlington County municiple bond income:
The Goldilocks Corporation with the following summarized details for the current year: Total sales: $120,000,000 COGS: $32,500,000 Taxable Income: $40,000,000 Arlington County municiple bond income: $1,000,000 Fine for the fliming of breaking into houses without a permit: $1,000,000 New porrige making machine: Additional first-year (bonus) depreciation actually taken: $2,000,000 Straight-line depreciation amount:$1,000,000 Federal taxes paid in the current year: $8,400,000 Federal tax refund received for the current year: $1,250,000 Calculate Current E
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