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Corporation A receives a dividend from Corporation B. Corporation A includes the dividend in its gross income for tax and financial accounting purposes (no book-tax
Corporation A receives a dividend from Corporation B. Corporation A includes the dividend in its gross income for tax and financial accounting purposes (no book-tax difference). Corporation A also reported the unrealized appreciation in the stock in its book but not taxable income for the year. If A has accounted for the dividend correctly (following the general rule), how much of B stock does A own? Multiple Choice A owns less than 20 percent of the stock of B. A owns at least 20 but not more than 50 percent of the stock of B. A owns more than 50 percent of the stock of B. Cannot be determined
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