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This year, Napa Corporation received the following dividends: KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) $ 57,000 Gamma
This year, Napa Corporation received the following dividends:
| KLP Inc. (a taxable Delaware corporation in which Napa holds an 8% stock interest) | $ | 57,000 |
| Gamma Inc. (a taxable Florida corporation in which Napa holds a 90% stock interest) | 122,000 | |
Required: Napa and Gamma do not file a consolidated tax return. Compute Napas dividends-received deduction.
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How To Audit The Process Based QMS
Authors: Dennis R. Arter, Charles A. Cianfrani, Jack West
1st Edition
