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In Its First Taxable Year,Platform,Inc

Question 51

Multiple Choice

In its first taxable year,Platform,Inc.generated a $200,000 net operating loss and made a $10,000 cash donation to a local charity.In its second year,Platform generated $350,000 operating income and made a $20,000 donation to the same charity.Compute Platform's taxable income for its second year.


A) $120,000
B) $135,000
C) $320,000
D) $130,000

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