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The corporation pays dividends of 25 of its after-tax

Question - Danube Corporation operates a theatrical costume shop. Taxable income for the current year is $1,000,000. The corporation pays dividends of 25% of its after-tax income. Madeline owns 10% of the Danube stock. What is Madeline's income form Danube?

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Accounting Basics: The corporation pays dividends of 25 of its after-tax

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