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In 2020, Canton Co.'s gross income from operations was $1,000,000 and its expenses from operations were $500,000. It also received a $200,000 dividend from an

In 2020, Canton Co.'s gross income from operations was $1,000,000 and its expenses from operations were $500,000. It also received a $200,000 dividend from an 15%-owned corporation. What is Canton Co.'s dividends-received deduction?

a.
$-0-

b.
$100,000

c.
$350,000

d.
$200,000

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