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What the corporation current earnings and profits

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Question - Sandwich Corporation reported a net operating loss of $800,000 in 20X3, which the corporation elected to carryforward to 20X4. The computation of the loss did not include a disallowed fine of $50,000, life insurance proceeds of $500,000, and a current year charitable contribution of $10,000 that will be carried forward to 20X4. What the corporation current earnings and profits for 20X3?

A) ($250,000).

B) ($260,000).

C) ($300,000).

D) ($360,000).

Reference no: EM133032219

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