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What is the correct amount of taxable income

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Question - XYZ Corporation has accounting income for the year ending October 31 of $174795. Included in this calculation are the following amounts:

Meals and entertainment $ 37151

Amortization and depreciation $ 64294

Dividend from Canadian subsidiary $51049

You have correctly determined CCA to be $ 2878. What is the correct amount of taxable income?

Reference no: EM133107540

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