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Help Save & Exit Submit Check my work Required information Problem 13-71 (LO 13-3) The following information applies to the questions displayed below] Riverbend Inc.
Help Save & Exit Submit Check my work Required information Problem 13-71 (LO 13-3) The following information applies to the questions displayed below] Riverbend Inc. received a $222,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,800,000 before deducting the dividends received deduction (DRD), a $147,000 charitable contribution. (Leave no answer blank. Enter zero if applicable. Round Marginal tax rate to 1 decimal place.) Problem 13-71 Part a a. What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation? Deductible DRD
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