For 2013,the Beech Corporation Has Net Income on Its Books $\quad$

question 9

Multiple Choice

For 2013,the Beech Corporation has net income on its books of $60,000,including the following items: Net capital losses $\quad$$\quad$$\quad$$\quad$$\$ 10,000$
Federal income tax expense $\quad \$ 25,000$ Federal tax depreciation exceeds the depreciation deducted on the books by $5,000.What is the corporation's taxable income?

• A)$70,000
• B)$85,000
• C)$90,000
• D)$100,000
• E)None of the above

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Definitions:

Genetic Information

The instructions encoded in the DNA and genes of an organism for development, functioning, growth, and reproduction.

Nucleus

A membrane-bound organelle found in eukaryotic cells, containing most of the cell's genetic material.

Chromosome

The structure that transmits the genetic material from one generation to the next; composed of condensed chromatin; each species has a particular number of chromosomes that is passed on to the next generation.

Gene

A unit of heredity that is transferred from a parent to offspring and is held to determine some characteristic of the offspring.