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Corporation also received a 600000 dividend from a 25

Question - For the current taxable year, Corporation's gross income from operations was $1,000,000 and its expenses from operations were $1,500,000. Corporation also received a $600,000 dividend from a 25 percent-owned corporation. How much is Corporation's dividends-received deduction?

a. 0.

b. $70,000.

c. $480,000.

d. $600,000.

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Accounting Basics: Corporation also received a 600000 dividend from a 25

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Accounting Basics: Corporation also received a 600000 dividend from a 25

Reference No:- TGS02627342

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