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Required information [The following information applies to the questions displayed below] Riverbend incorporated recelved a $410,000 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 incorporated recelved a $410,000 dividend from Stock it held in Hobble Corporation. Riverbend's taxable income is $2,520,000 before deducting the dividends-received deduction (DRD), a $83,000NOL carryover, and a $181,000 charitable contribution. Use Exhibit 16-7. Note: Round your tax rates to 2 decimal places. Leave no answer blank. Enter zero if applicable. What is Riverbend's DRD assuming it owns 93 percent of Hobble Corporation (and is part of the same affiliated group)

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