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Unformatted text preview: Alternative minimum taxable income 5,120,000 Municipal bond interest 630,000 Expenses related to municipal bonds 50,000 Key employee life insurance proceeds in excess of cash surrender value 2,000,000 Excess of FIFO over LIFO Amortization of organizational costs 160,000 100,000 Cost of goods sold 6,220,000 Advertising expenses 760,000 Loss between related parties 260,000 Key-employee life insurance premiums 300,000...
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- Fall '08