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What is the taxable income and why

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Question 1: Bancap Co. had taxable income of $150,000 from operations during the taxable year_ This tax year they also sold stock they held for investment they lost $10,000 from the salt They also had a $3,000 gain on a sale of another stock What is the taxable income and why?

  1. $140,000 
  2. $153,000
  3. $143,000
  4. $150,000

Reference no: EM132475714

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