Flicker Corporation, a calendar year taxpayer, manufactures yogurt that it wholesales to grocery stores and other food

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Flicker Corporation, a calendar year taxpayer, manufactures yogurt that it wholesales to grocery stores and other food outlets. The company also operates a yogurt shop near its factory, where it sells directly to the general public.

For tax years 2014 and 2015, gross receipts are as follows:

What is Flicker’s DPGR for:

a. 2014?

b. 2015?

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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Question Posted: Sep 09, 2015 06:38 AM

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Flicker Corporation, a calendar year taxpayer, manufactures yogurt that it wholesales to grocery stores and other food

Question:

Gross Receipts Wholesale Snack Shop $2,000,000 $110,000 2014 2015 2500000 130,000

Step by Step Answer:

a 2000000 The snack shop receipts do not m...View the full answer

South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

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