e. stock in Hawk Corporation and has taxable income of S1 dividends received deduction. Hawk Corporation pays Eagle a divi I8. Eagle before considering the 5200,000, which was considered in deduction may a. b. $112,000. c. S140,000 d. $160,000. e. None of the above. 60,000 for the year Eagle claim if it owns 15% of Hawk's stock? dend of ived nds recei n owns stock in White Corporation and has net operating income of $400,000 for the 19. Orange Corporatio Comoration pays Orange a dividend of $60,000. What amount of dividends received deduction may Orange claim if it owns 15% of white deduction is not limited by its taxable income) a. S0. b. $42,000. c. $48,000. d $60,000. e. None of the above. (assuming Orange's dividends received Which of the following statements is incorrect regarding the dividends received deduction? a. A corporation must hold stock for more than 45 days in order to qualify for a deduction 20. b The taxable income limitation does not apply with respect to the 100% deduction available c. If a stock purchase is financed 75% by debt, the deduction for dividends on such stock is d. The taxable income limitation does not apply ifthe normal deduction (ie 70% or 80% of e. None of the above. with respect to dividends on such stock to members of an affiliated group. reduced by 75%. dividends) results in a net operating loss for the corporation