please put answer in dollars not in milliona of dollars Northwest Company...
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please put answer in dollars not in milliona of dollars
Northwest Company has average gross receipts of $50 million annually. This year, Northwest incurred $15.5 million of net business interest and has adjusted taxable income of $29 million Required: Compute Northwest's current deduction for business Interest and the amount of any business interest carryforward. (Enter your answers in dollars not in millions of dollars.) Business interest deduction Business interest carryforward Amount s 8,700,000 $ 6,800,000
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