Question: Return to question 4 CARES Problem 06-05 (Static) (LO 6-1, 6-4] 1.11 points FruAgro Company has average annual gross receipts of $30 million annually. This
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Return to question 4 CARES Problem 06-05 (Static) (LO 6-1, 6-4] 1.11 points FruAgro Company has average annual gross receipts of $30 million annually. This year, FruAgro earned $1 million of business interest income, incurred $10 million of business interest expense and has adjusted taxable income of $17 million. Skipped Required: Compute FruAgro's current deduction for business interest and the amount of any business interest carryforward. (The CARES Act applies. Enter your answers in dollars not in millions of dollars.) X Answer is not complete. Amount Business interest deduction Business interest carryforward
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