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In each of the following independent situations, determine the dividends received deduction for 2018 . Assume that Oak Corporation owns 25%, Elm owns 15% and
In each of the following independent situations, determine the dividends received deduction for 2018.
Assume that Oak Corporation owns 25%, Elm owns 15% and Mahogany owns 80% of the stock in the corporations paying the dividends.
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a. The dividends received deduction for Oak Corporation is $
b. The dividends received deduction for Elm Corporation is $
c. The dividends received deductino for Mahogany Corporation is $
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