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please show work...thanks! 49. LO.2 In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that
please show work...thanks!
49. LO.2 In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends. Almond Corporation Banana Corporation Cherry Corporation Income from operations Expenses from operation Qualifying dividends $ 700,000 (600,000) 100,000 $ 800,000 (860,000) 100,000 $ 900,000 (910,000) 100,000Step by Step Solution
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