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A 'Large Corporation' as Defined in the Code Is One

Question 13

Multiple Choice

A 'large corporation' as defined in the Code is one which had a taxable income of:


A) $10 million or more in any of the 10 immediately preceding taxable years.
B) $2 million or more in any of the two immediately preceding taxable years.
C) $5 million or more in any immediately preceding five taxable years.
D) $1 million or more in any of the three immediately preceding taxable years.

Correct Answer:

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