21 Coop Incorporated owns 38 percent of Chicken Incorporated. Both Coop and Chicken are corporations. Chicken pays Coop a dividendo $12.000 in the current yeat Chicken also reports financial accounting earnings of $22,000 for that year. Assume Coop follows the genera rule of accounting for investment in Chicken What is the amount and nature of the book-tax difference to Coop associated with the dividend distribution (gnoring the dividends received deduction? 2 Don X 011050 Multiple Choice 53.640 unfavorable $3/140 favorable $12.000 unfavorable $12.000 favorable None of the choices is correct 11 of 5 Next > 29 TB MC Qu. 16-80 (Algo) Jazz Corporation owns 50 percent of the Mitchell C... Jazz Corporation owns 50 percent of the Mitchell Corporation stock. Mitchell distributed a $20,000 dividend to Jazz Corporation Jazz Corporations taxable income before the dividend was $101000. What is the amount of Jazz's dividends received deduction on the dividend it received from Mitchell Corporation? 2 points 21:15 Multiple Choice $0 O $10.000 $13,000 $20,000