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  1. business
  2. accounting
  3. a) in 2023, fern inc. reported gross profit of $35

A) In 2023, Fern Inc. reported gross profit of $35,700,347 and $26,523,867 of operating expenses....

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Accounting

A) In 2023, Fern Inc. reported gross profit of $35,700,347 and $26,523,867 of operating expenses. In addition, Fern also reported capital gains of $8,356,248 and capital losses amounting to $9,347,641. Calculate Ferns taxable income for 2023.

B) In 2024, Fern Inc. reported gross profit of $12,832,025 and $9,701,663 of operating expenses. In addition, Fern also reported capital gains of $6,409,116 and capital losses amounting to $2,624,007. Calculate Ferns taxable income for 2024.

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