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Bebop Corporation Reports the Following Results in the Current Year

question 77

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Bebop Corporation reports the following results in the current year:
Gross income from operations $150,000Dividends from 15% owned domestic corporation 50,000Expenses 140,000\begin{array} { l } \text {Gross income from operations }&\$150,000\\ \text {Dividends from \( 15 \% \) owned domestic corporation }&50,000\\ \text {Expenses }&140,000\\\end{array}
What is Bebop's taxable income?


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