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Question - Review the following potential investments by Gain Corporation
Corporate Investment
Scenario 1
Scenario 2
Scenario 3
Income from operations
$700,000
$800,000
$900,000
Expenses from operations
($600,000)
($850,000)
($910,000)
Qualifying dividends
$100,000
Calculate the dividends received deductions for each independent investment scenario assuming: 10% ownership of the investment.
The sum of the debits in the cash account is $74,350 and the sum of the credits is $61,080. Using the above information, prepare a corrected trial balance
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