Question
During 2021, Regal Corporation had the following items of income and expense: Revenue from operations $200,000 Operating expenses 208,000 Dividends (no ownership greater than 20%)
During 2021, Regal Corporation had the following items of income and expense: Revenue from operations $200,000 Operating expenses 208,000 Dividends (no ownership greater than 20%) 40,000
a. What is Regals dividends received deduction for 2021? b. What is Regals dividends received deduction if operating expenses are instead $225,000?
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Audit Renaissance
Authors: Vakils
1st Edition
8184621639, 978-8184621631
