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Please Correct ASAP Problem 12-33 (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation
Please Correct ASAP
Problem 12-33 (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation The corporate shareholders own less than 20% of the stock in the corporations paying the dividends. Almond Cherry Banana Corporation Corporation Corporation Income from operations $700,000 $800,000 $900,000 Expenses from operations (600,000) (860,000) (910,000) Qualifying dividends 100,000 100,000 100,000 Click here to view the dividend received deduction table. The dividends received deduction for Almond Corporation is 50,000 $ a. b. The dividends received deduction for Banana Corporation is . 20,000 c. The dividends received deduction for Cherry Corporation is 50,000 . Problem 12-33 (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation The corporate shareholders own less than 20% of the stock in the corporations paying the dividends. Almond Cherry Banana Corporation Corporation Corporation Income from operations $700,000 $800,000 $900,000 Expenses from operations (600,000) (860,000) (910,000) Qualifying dividends 100,000 100,000 100,000 Click here to view the dividend received deduction table. The dividends received deduction for Almond Corporation is 50,000 $ a. b. The dividends received deduction for Banana Corporation is . 20,000 c. The dividends received deduction for Cherry Corporation is 50,000Step by Step Solution
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