Question: LL began a consulting business on 1/1/2016. Her bu… LL began a consulting business on 1/1/2016. Her business is organized as a C (Regular Corporation) called L & L, Inc. Lucy owns 100% of the company’s stock. Income and expense information for 2016: Revenue- 1,020,000 Operating Expenses-870,000 Qualified Dividend paid to Lucy during year-100,000

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