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Exercise 3-25 (LO. 1) Hummingbird Corporation, a closely held and a $45,000 loss from a passive activity corporation that is not a DSC has $40,000
Exercise 3-25 (LO. 1) Hummingbird Corporation, a closely held and a $45,000 loss from a passive activity corporation that is not a DSC has $40,000 of net active income $15,000 of portfolio income, Compute Hummingbird's taxable income for the year
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Financial Accounting
Authors: David Spiceland
6th Edition
1260786528, 9781260786521
