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How much is ABC Corp taxable income or net operating loss

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Reference no: EM132570520

Question - During a year, ABC Corp who owns 26% of ZZZ Corp stock has the following transactions operating income $330,000.

Operating expenses $380,000.

Dividends received from ZZZ Corp $120,000.

Required - How much is ABC Corp taxable income or net operating loss for the year?

Reference no: EM132570520

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