What is the amount of a net operating loss


For the current taxable year, HIJ Inc. had gross receipts from operations of $230,000, operating and other expenses of $310,000, and $120,000 of dividends that it received from a 45 percent-owned domestic corporation. For the current taxable year, HIJ Inc. has taxable income or a net operating loss of what amount?

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Accounting Basics: What is the amount of a net operating loss
Reference No:- TGS047111

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