Taxable income or a net operating loss of what amount

Reference no: EM13185062

For the current taxable year, ABC Inc. had gross receipts from operations of $460,000, operating and other expenses of $620,000, and $300,000 of dividends that ABC Inc. received from a 65 percent-owned domestic corporation. For the current taxable year, ABC Inc. has taxable income or a net operating loss of what amount?

Reference no: EM13185062

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