Dexter Corporation reports the following results for the current year: 
In addition, Dexter has a $25,000 NOL carryover from the preceding tax year. What is Dexter's taxable income fo current year?
Definitions:
Share Buy-backs
The process by which a company purchases its own shares from the marketplace, reducing the amount of outstanding stock on its balance sheet.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, thus having an ownership interest in the company.
Regulations
Rules and guidelines issued by governmental agencies to control or direct the conduct of activities.
Foreign Currency
Currency other than the functional currency of the entity, used in international transactions or financial statements.
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