For The Current Taxable Year Abc Inc Had Gross Receipts From Operations Of 460 0
For the current taxable year, ABC Inc. had gross receipts from operations of $460,000, operating and other expenses of $620,000, and $300,000 of dividends that ABC Inc. received from a 65 percent-owned domestic corporation. For the current taxable year, ABC Inc. has taxable income or a net operating loss of what amount?
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