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Mose Inc, a C corporation, has gross income from operations of $400,000 and expenses from operations of $410,000. The corporation received $250,000 in dividends from
Mose Inc, a C corporation, has gross income from operations of $400,000 and expenses from operations of $410,000. The corporation received $250,000 in dividends from domestic corporations, in which it has a 15% ownership. What is the corporations dividends received deduction? Please explain.
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