Builtrite had sales of $600,000 and COGS of $210,000. In addition, operating expenses were calculated...
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Builtrite had sales of $600,000 and COGS of $210,000. In addition, operating expenses were calculated at 30% of sales. Builtrite also received dividends of $40,000 and paid out common stock dividends of $25,000 to its stockholders. A long-term capital gain of $50,000 was realized during the year along with a capital loss of $30,000 What is Builtrite's taxable income? $222,000 $270,000 $245,000 $242,000
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