orange cooperation a calendar year C cooperation, owns stock in white cooperation and has net operating income of $400,000 for the current year. white cooperation pays orange a dividend of $60,000. what amount of dividends received deductions may orange claim if it owns 45% of white stock ( assuming orange dividends received deductions is not limited by its taxable income)?.

a. $30,000 b. $39,000 c. $42,000 d. $60,000