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Riverbend Incorporated received 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

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Riverbend Incorporated received 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 $83,000 NOL carryover, and a $181,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) Problem 16-54 Part c (Algo) c. What is Riverbend's DRD assuming it owns 41 percent of Hobble Corporation? 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-recelved deduction (DRD), a $83,000 NOL carryover, and a $181,000 charitable contribution. Use Exhibit 16-6. (Round your tax rates to 1 decimal place. Leave no answer blank. Enter zero if applicable.) Problem 16-54 Part e (Algo) e. What is Riverbend's DRD assuming it owns 93 percent of Hobble Corporation (and is part of the same affiliated group)? EXHIBIT 166 Net

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