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The talley corporation had a taxable income of 500000 from

The Talley Corporation had a taxable income of $500,000 from operations after all operating costs but before (1) interest charges of $70,000, (2) dividends received of $80,000, (3) dividends paid of $40,000, and (4) income taxes. How much is the firm's taxable income?

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Finance Basics: The talley corporation had a taxable income of 500000 from

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