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eBookCalculatorPrint Item Exercise 2-30 (Algorithmic) (LO. 3) Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon
eBookCalculatorPrint Item Exercise 2-30 (Algorithmic) (LO. 3) Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon Gross income from operations $223,500 $357,600 Expenses from operations 312,900 375,480 Dividends received from domestic corporations (15% ownership) 134,100 268,200 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. $ b. Compute the dividends received deduction for Loon Corporation. $
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