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TyroneCo, an S corporation with a positive E & P balance,reports gross receipts for the year totaling $529,000 (of which$264,500 is passive investment income). Expenditures

TyroneCo, an S corporation with a positive E & P balance,reports gross receipts for the year totaling $529,000 (of which$264,500 is passive investment income). Expenditures directlyconnected to 2 answers

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