Solved: Xenon corporation has 112000 of regular taxable income, Accounting Basics

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Xenon corporation has 112000 of regular taxable income

Question - Xenon Corporation has $112,000 of regular taxable income, $68,000 of preference items, $98,000 of positive adjustments, and $36,000 of negative adjustments that affect its determination of alternative minimum taxable income. What is Xenon's alternative minimum tax?

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Accounting Basics: Xenon corporation has 112000 of regular taxable income

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