Question
Bob Inc., a calendar-year corporation, has gross income from operations of $160,000 and dividend income of $100,000 from a 22% owned domestic corporation for the
Bob Inc., a calendar-year corporation, has gross income from operations of $160,000 and dividend income of $100,000 from a 22% owned domestic corporation for the current year. Deductible business expenses for the year are $170,000. What is Bob dividend received deduction for this year?
| a. $50,000 | ||
| b. $58,500 | ||
| c. $65,000 | ||
| d. $100,000 |
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Intermediate Accounting Reporting And Analysis, 2017 Update
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd Edition
1337505625, 9781337505628
