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In the current year, Parvifolia, Inc. had $400,000 of revenue from operations and 5160,000 of dividends from non-affiliated 15 percent-owned domestic corporations. The corporation's deductible
In the current year, Parvifolia, Inc. had $400,000 of revenue from operations and 5160,000 of dividends from non-affiliated 15 percent-owned domestic corporations. The corporation's deductible operating expenses totaled $410,000. What is Parvifolia, Inc.'s dividends received deduction for the current year? $105,000 $120,000 $112,000 $128,000 None of these choices are correct
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