Bronco Corporation realizes $270,000 from sales during the current year.Bronco also receives $20,000 of dividends from a 2% owned corporation.Operating expenses totals $275,000.Bronco's taxable income is
A)$(19,000)
B)$(5,000)
C)$1,000
D)$4,500
E)$15,000

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The Answer of Bronco Corporation realizes $270,000 from sales during the current year.Bronco also receives $20,000 of dividends from a 2% owned corporation.Operating expenses totals $275,000.Bronco's taxable income is
A)$(19,000)
B)$(5,000)
C)$1,000
D)$4,500
E)$15,000

Bronco Corporation Realizes $270,000 from Sales During the Current Year