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Shao, Incorporated, a Tennessee corporation, conducts business in South America through two foreign corporations, Shao-Col, Incorporated and Shao-Per, Incorporated Shao formed Shao-Col six years ago

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Shao, Incorporated, a Tennessee corporation, conducts business in South America through two foreign corporations, Shao-Col, Incorporated and Shao-Per, Incorporated Shao formed Shao-Col six years ago and owns 100 percent of its stock. Shao-Per was formed six months ago and Shao owns 50 percent of its stock. In addition, Shao owns 7 percent of the stock of Albi, Incorporated, a French corporation. This year, Shao recognized the following dividend distributions from the three foreign corporations: Required: a. Compute Shao's allowable dividends-received deduction with respect to each dividend. b. Compute Shao's net dividend income. Complete this question by entering your answers in the tabs below. Compute Shao's allowable dividends-recelved deduction with respect to each dividend

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