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Genny, Inc. received $80,000 in dividends during 2007 from its stock investment in Gary Company. How much of the dividends are excluded from Genny's taxable

Genny, Inc. received $80,000 in dividends during 2007 from its stock investment in Gary Company. How much of the dividends are excluded from Genny's taxable income? Select one: a. $24,000 b. None C. $56,000 d. $80,000

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