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Wharton, Inc., pays income taxes on capital gains (includinggains on marketable securities) at a rate of 30 percent. AtDecember 31, year 1, the company owns

Wharton, Inc., pays income taxes on capital gains (includinggains on marketable securities) at a rate of 30 percent. AtDecember 31, year 1, the company owns marketable securities thatcost $180,000 1 answer

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