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What would be the income for tax purposes

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Question - The estimated bad debt reserve for the ABC Company Ltd. was $55, 000 in 20X2. Business profits before the reserve were $85, 000. The reserve for doubtful accounts in 20X1 was $35, 000. If full reserve was claimed in both years, what would be the income for tax purposes in 20X2?

Reference no: EM132540129

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