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Blue, Inc, a Calendar Year Closely Held Corporation, Is Not a a PHC

Question 81

Multiple Choice

Blue, Inc., a calendar year closely held corporation, is not a PHC. If the company reports the following items, the accumulated taxable income is: Blue, Inc., a calendar year closely held corporation, is not a PHC. If the company reports the following items, the accumulated taxable income is:   A)  $54,550. B)  $62,850. C)  $80,850. D)  $109,700. E)  None of the above.


A) $54,550.
B) $62,850.
C) $80,850.
D) $109,700.
E) None of the above.

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