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Abey, Inc. owns 5% of the common stock in the Sea Company. Abey received $100,000 in dividends during 2007 on its investment in Sea. What

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Abey, Inc. owns 5% of the common stock in the Sea Company. Abey received $100,000 in dividends during 2007 on its investment in Sea. What amount will Abey include in taxable income, and what amount will Sea deduct, respectively? 7 Select one: a. $30,000; $0 b. $100,000; $100,000 c. $30,000; $100,000 O d. $100,000; $0 Previous page Next

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