Question
In 2017, Parvifolia, Inc. had $403,000 of revenue from operations and $160,000 of dividends from non-affiliated 15-percent-owned domestic corporations. The corporation's operating expenses totaled $410,000.
In 2017, Parvifolia, Inc. had $403,000 of revenue from operations and $160,000 of dividends from non-affiliated 15-percent-owned domestic corporations. The corporation's operating expenses totaled $410,000. What is Parvifolia, Inc.'s dividends received deduction for 2017?
| 1. | $105,000 | |
| 2. | $112,000 | |
| 3. | $107,100 | |
| 4. | $128,500 |
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Financial Accounting
Authors: Bev Vickerstaff, Parminder Johal
1st Edition
1444170414, 978-1444170412
