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Whispering Pines Realty, Inc. is owned by four individuals. Last year the following income items...

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Accounting

Whispering Pines Realty, Inc. is owned by four individuals. Last year the following income items were reported: Dividends 10,000 Interest on demand deposits 5,000 Rental income 300,000 Property tax 25,000 Cost recovery deduction 60,000 Whispering Pines' adjusted ordinary gross income (AOGI) are

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