Valenka Corporation has accounting income for the year ending October 31 of $ 174805. Included in this
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Valenka Corporation has accounting income for the year ending October 31 of $ 174805. Included in this calculation are the following amounts: Meals and entertainment $ 36482 Amortization and depreciation $ 61874 Dividend from Canadian subsidiary $ 50513 You have correctly determined CCA to be $ 2797. What is the correct amount of taxable income?
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