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This is a taxation question if it helps Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year: Gross

This is a taxation question if it helps image text in transcribed
Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year: Gross income from operations Expenses from operations Dividends received from domestic corporations (15% ownership) Crane Loon 180,000 $300,000 255,000 310,000 100,000 230,000 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. b. Compute the dividends received deduction for Loon Corporation

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