Solved: What is the amount of the dividends received deduction, Accounting Basics

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What is the amount of the dividends received deduction

Corporation B has taxable income of $40,000. Included in total income is $5,000 of dividends received in 2016 from unaffiliated domestic corporations. (Ownership in these stocks is less than 5% of stock outstanding.)

What is the amount of the dividends received deduction?

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Accounting Basics: What is the amount of the dividends received deduction

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