Q11 Identify which of the following statements is true.

		The dividends-received deduction is designed to reduce double taxation of corporate dividends.
		The full 65% dividends-received deduction is available without restriction.
		If a corporation receives dividends eligible for the 65% dividends-received deduction and the 50% dividends-received deduction, the 50% dividends-received deduction reduces taxable income prior to the 65% deduction.
		All of the above are false.