Multiple Choice
Keegan Company had operating income of $740,000 in 2010, received $120,000 in preferred stock dividends, $20,000 in interest income and paid $15,000 in interest expenses. What is the tax liability for Keegan?
A) $265,540
B) $294,100
C) $299,200
D) $270,640
Correct Answer:
Verified
Correct Answer:
Verified
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