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This year, GHJ Inc. received the following dividends: BP Inc. (a taxable California corporation in which GHJ holds a 4% stock interest) $ 19,700 MN
This year, GHJ Inc. received the following dividends:
| BP Inc. (a taxable California corporation in which GHJ holds a 4% stock interest) | $ | 19,700 | |
| MN Inc. (a taxable Florida corporation in which GHJ holds a 54% stock interest) | 82,000 | ||
| AB Inc. (a taxable French corporation in which GHJ holds a 24% stock interest) | 19,700 | ||
Required: Compute GHJs dividends-received deduction.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
