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Required information (The following information applies to the questions displayed below.] Riverbend Inc. received a $200,000 dividend from stock it held in Hobble Corporation. Riverbend's

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Required information (The following information applies to the questions displayed below.] Riverbend Inc. received a $200,000 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,100,000 before deducting the dividends-received deduction (DRD), a $40,000 NOL carryover and a $100.000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) What is Riverbend's DRD assuming it owns 60 percent of Hobble Corporation? * Answer is complete but not entirely correct. ORD $ 268,125 X

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