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What is after-tax cash flow for Griffin is he owned 55 percent of eagle Griffin Corporation received $80,000 of dividend income from Eagle, Inc. Griffin

What is after-tax cash flow for Griffin is he owned 55 percent of eagle

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Griffin Corporation received $80,000 of dividend income from Eagle, Inc. Griffin owns 6 percent of the outstanding stock of Eagle. Griffin's marginal tax rate is 21 percent. Required: a. Calculate Griffin's allowable dividends-received deduction and its after-tax cash flow as a result of the dividend from Eagle. b. How would your answers to requirement a change if Griffin owned 55 percent of the stock of Eagle? c. How would your answers to requirement b change if Griffin owned 80 percent of the stock of Eagle? Complete this question by entering your answers in the tabs below. Required A Required B Required C How would your answers to requirement a change if Griffin owned 55 percent of the stock of Eagle? Amount Dividends-received deduction $ 52,000 After-tax cash flow

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