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Dixie Incorporated a Tennessee corporation, conducts business in South America through two foreign corporations, Dix-Col Incorporated and Dix.Per Incorporated Dixie formed Dix-Col six years ago

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Dixie Incorporated a Tennessee corporation, conducts business in South America through two foreign corporations, Dix-Col Incorporated and Dix.Per Incorporated Dixie formed Dix-Col six years ago and owns 100 percent of its stock. Dix-Per was formed six months ago and Dixie owns 50 percent of its stock. In addition, Dixie owns 7 percent of the stock of Albi. Incorporated, a French corporation. This year , Dixle recognized the following dividend distributions from the three foreign corporations: Dix-Col Incorporated $ 291,000 Dix-Per Incorporated 263,000 Albi Incorporated 120,000 Required: a. Compute Dixie's allowable dividends-received deduction with respect to each dividend. b. Compute Dixle's net dividend Income. Complete this question by entering your answers in the tabs below. Required A Required B Compute Dixie's allowable dividends-received deduction with respect to each dividend. Dale's allowable dividends-received deduction Required Required B Dixie Incorporated a Tennessee corporation, conducts business in South America through two foreign corporations, Dix-Col Incorporated and Dix-Per Incorporated Dixle formed Dix-Col six years ago and owns 100 percent of its stock. Dix.Per was formed six months ago and Dixie owns 50 percent of its stock. In addition, Dixie owns 7 percent of the stock of Albi , Incorporated, a French corporation. This year, Dixie recognized the following dividend distributions from the three foreign corporations: Dix-Col Incorporated $ 291,600 Dix-Per Incorporated 263,000 Albi Incorporated 120,000 Required: a. Compute Dixie's allowable dividends-received deduction with respect to each dividend. b. Compute Dixie's net dividend income. Complete this question by entering your answers in the tabs below. Required A Required Compute Dixle's net dividend Income. Doxie's net dividend income Required A Required

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