Dominion Corporation, a calendar year C corporation, reports net income of $$2,000,000,000$ on Its $2023$ financial statements, Including financial statement depreciat $$100,000,000.$ Also, for $2023,$ Dominion reports taxable income of $$800,000,000,$ including tax depreclation of $$200,000,000.$ Dominion's average annual adjusted fi statement income $($AFSI$)$ for the $3-$year period ending December $31,2023,$ Is in excess of $$1,000,000,000$ and Dominion has no AMT foreign tax credit for $2023.$ Wha Dominion's AFSI for $2023?$ 

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Average Annual Adjusted Financial Statement Income AFSI for 2023 c... View the full answer