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Potter Corporation Reports the Following Results for the Current Year

Question 30

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Potter Corporation reports the following results for the current year: Potter Corporation reports the following results for the current year: At the end of the year, Potter's Subchapter C E&P is $50,000. What is the amount of Potter's excess net passive income? At the end of the year, Potter's Subchapter C E&P is $50,000. What is the amount of Potter's excess net passive income?

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