LNS Corporation reports book profit of $ 2 , 0 0 0 , 0 0 0 .
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Question:
LNS Corporation reports book profit of $ The $ included $ of tax
exempt interest income, a capital loss of $ depreciation expense of $while tax
depreciation would be $ and Federal income tax expense of What is LNS
Corporations taxable income for the year?
Expert Answer:
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