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X Co. had the following income and expenses: Gross income from operations $600,000 Expenses from operations $400,000 Dividends received from a domestic corporation (30%) owned
X Co. had the following income and expenses: Gross income from operations $600,000 Expenses from operations $400,000 Dividends received from a domestic corporation (30%) owned by X Co.) Capital loss carryback $72,000 Net operating loss carryforward $100,000 $200,000 X Co's dividends received deduction is $100,000 $60,000 $130,000 None of these
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