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Accounting

Silver Corporation has average gross receipts of $5.6 million, $4.6 million, and $4.7 million in 2008, 2009, and 2010, respectively. Silver is:

a) Not subject to the corporate income tax.

b) A small corporation with respect to the AMT.

c) Subject to the AMT.

d) Not a small corporation with respect to the AMT.

e) None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M976678

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