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The bay fig corporation has 350000 of taxable income from

Question - The Bay Fig Corporation has $350,000 of taxable income from operations for 2015, and dividends of $100,000 received from 30 percent-owned domestic corporations. How much is the Bay Fig Corporation's dividends received deduction for 2015?

a. $35,000

b. $40,000

c. $70,000

d. $80,000

e. None of the above

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Accounting Basics: The bay fig corporation has 350000 of taxable income from

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Accounting Basics: The bay fig corporation has 350000 of taxable income from

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