Pop Inc. had the following items of income and expense: Sales $500,000 Cost of sales...
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Pop Inc. had the following items of income and expense: Sales $500,000 Cost of sales 275,000 Dividends Received from Gram's Inc (9096 shareholder) 25,000 Interest earned Lexington, KY Bonds 10,000 Interest earned Snap's Corporate Bonds 5,000 Dividends received Deduction 25,000 In Pop's corporate income tax return, what amount should be reported as income before special deductions? $250.000 a. $255.000 b. Dividends received Deduction 25,000 in Pop's corporate income tax return, what amount should be reported as income before special deductions? $250,000 $255,000 b. C 5525,000 $265,000 d. e. 5505.000 $275,000 f. g. 5225,000
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