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8nbsptcos 1 and 10 beginning in 2010 the aaa of amit inc an s corporation has a balance of 725000 during the year the
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a firms income statement included the following data the firms average tax rate was 25nbspnbspnbspnbspnbspcost of
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3 in the december 31 financial statements the following balances were reported cash 40000 accounts payable 12000
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fully vested incentive stock options to obtain 30000 shares of common stock at an exercise price of 20 were outstanding
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