Business, 01.04.2020 15:04 saniyawilliams1207

LNS Corporation reports revenues of $2,100,000. Included in the $2,100,000 is $27,250 of tax-exempt interest income. LNS reports $1,507,500 in ordinary and necessary business expenses. What is LNS corporation’s taxable income for the year?

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LNS Corporation reports revenues of $2,100,000. Included in the $2,100,000 is $27,250 of tax-exempt...

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