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Daisy,Inc ,Has Taxable Income of $850,000 During 2010,its First Year

Question 38

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Daisy,Inc. ,has taxable income of $850,000 during 2010,its first year of operations.Daisy distributes dividends of $200,000 to its 10 shareholders (i.e. ,$20,000 each).Daisy earmarks $361,000 of its earnings for potential future expansion into other cities.
Daisy,Inc. ,has taxable income of $850,000 during 2010,its first year of operations.Daisy distributes dividends of $200,000 to its 10 shareholders (i.e. ,$20,000 each).Daisy earmarks $361,000 of its earnings for potential future expansion into other cities.

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