During the Current Year,Metcalf Corporation Has the Following Items of Income

question 93

Multiple Choice

During the current year,Metcalf Corporation has the following items of income and expense: ​
Metcalf owns 37% of the corporation that distributed the dividend to Metcalf.Determine the amount reported as income before special deductions for the current year.

• A)$130,000
• B)$134,000
• C)$150,000
• D)$454,000
• E)$470,000

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