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Best Company, Inc. had gross receipts of $400,000, cost of goods sold of $110,000, other expenses of $100,000 and a $90,000 net capital loss. Its taxable income is:

A. $210,000.

B. $200,000.

C. $190,000.

D. $100,000.

Accounting Basics, Accounting

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  • Reference No.:- M938925

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