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Eagle Corporation (a C corporation) owns 15% of Hawk Corporation. For 2021 Eagle has $100,000 in taxable income before considering the dividend received deduction. In
- Eagle Corporation (a C corporation) owns 15% of Hawk Corporation. For 2021 Eagle has $100,000 in taxable income before considering the dividend received deduction. In 2021 Hawk pays eagle a dividend of $130,000. What (if any) is Eagles dividend received deduction?
- 0
- $50,000
- $65,000
- $84,500
- None of the above
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Financial Accounting
Authors: Belverd E. Needles Jr,, Marian Powers
8th Edition
0618310746, 978-0618310746
