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Problem 12-33 (a) (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that

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Problem 12-33 (a) (LO. 7) In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. Assume that Rose Corporation owns 15%, Pansy owns 10% and Daffodil owns 55% of the stock in the corporations paying the dividends. Rose Corporation Pansy Corporation Daffodil Corporation Income from operations Expenses from operations Qualifying dividends $1,200,000 (800,000) 400,000 $1,200,000 (1,300,000) $1,200,000 (1,500,000) 400,000 400,000 Click here to view the dividend received deduction ownership percentages and corresponding deduction percentage. a. The dividends received deduction for Rose Corporation is 0 b. The dividends received deduction for Pansy Corporation is c. 0 The dividends received deduction for Daffodil Corporation is

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