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Green Corporation, a C corporation, owns stock in Blue Corporation and has operating income of $400,000 for the current year. Blue Corporation pays Green a
Green Corporation, a C corporation, owns stock in Blue Corporation and has operating income of $400,000 for the current year. Blue Corporation pays Green a dividend of $60,000. What amount of dividends received deduction may Green claim if it owns 40% of Blue stock? $30,000$42,000$39,000$60,000
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