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What is jiffys net operating loss

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Question 1: Jiffy has gross income (before dividends) of $1,050,000 and deductions of $1,300,000 (excluding the dividends-received deduction). Included in income are dividends of $100,000 Jiffy received from a company in which it owns 15 percent of the stock What is Jiffy's net operating loss? 

  1. $250,000 .
  2. $150,000 .
  3. $300.000 
  4. They do not have a net operating loss

Reference no: EM132475720

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