Posted: September 18th, 2017
* The company received a $10,000 dividend from a large publicly traded domestic corporation of which it owns less than 20%.
* income tax expense on financial statements was $30,000.
*Depreciation expense on the financial statements is $25,000 less than depreciation expense determined using tax laws.
* The company recieved life insurance proceeds of $15,000.
*Charitable contributions of $20,000 were made.
Determine the taxable income of Quince Company
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