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this is an income tax question about corporations taxable income. Part a. 'One' Corporation has the following during the current year: Net income from operations

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this is an income tax question about corporations taxable income.

Part a. 'One' Corporation has the following during the current year: Net income from operations Dividends received from 25% owned corporations 2. $120,000 $ 70,000 What is the amount of the corporation's taxable income? Part b. Another' Corporation has the following during the current year: Net loss from operations Dividends received from 25% owned corporations ($10,000) $ 70,000 What is the amount of the corporation's taxable income? Part c. 'Yet Another' Corporation has the following during the current year: Net loss from operations Dividends received from 25% owned corporations ($20,000) $ 70,000 What is the amount of the corporation's taxable income

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