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Calculate the amount of the accumulated earnings tax if any

Question - Grevilla Gerporation is a manufacturing company. The corporation has accumulated earnings of $950,000, and it can establish reasonable needs for $400,000 of that amount. Calculate the amount of the accumulated earnings tax (if any) that Grevilla Corporation is subject to for this year.

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Accounting Basics: Calculate the amount of the accumulated earnings tax if any

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Accounting Basics: Calculate the amount of the accumulated earnings tax if any

Reference No:- TGS02611852

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