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Identify which of the following statements is true. A) An S corporation cannot claim a dividends-received deduction. B) The S corporation's separately stated items are
Identify which of the following statements is true. A) An S corporation cannot claim a dividends-received deduction.
B) The S corporation's separately stated items are in general the same ones that apply in partnership taxation.
C) An election for an S corporation to use the Sec. 179 expensing election is made by the corporation and not by its shareholders.
D) All of the above are true.
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