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Bidden, Inc Calculate Bidden's Nonseparately Computed Income

Question 112

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Bidden, Inc., a calendar year S corporation, incurred the following items.  Sales $130,000 Depreciation recapture income 12,000 Short-term capital gain 30,000 Cost of goods sold (42,000) Municipal bond interest income 7,000 Administrative expenses (15,000) Depreciation expense (17,000) Charitable contributions (14,000)\begin{array}{lr}\text { Sales } & \$ 130,000 \\\text { Depreciation recapture income } & 12,000 \\\text { Short-term capital gain } & 30,000 \\\text { Cost of goods sold } & (42,000) \\\text { Municipal bond interest income } & 7,000 \\\text { Administrative expenses } & (15,000) \\\text { Depreciation expense } & (17,000) \\\text { Charitable contributions } & (14,000)\end{array} Calculate Bidden's nonseparately computed income.

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