X Co. had the following income and expenses:

Gross income from operations $700,000 Expenses from operations $500,000 Dividends received from a domestic corporation (25% owned by X Co.) $100,000 Capital loss carryback $90,000 Net operating loss carryforward $20,000

X Co.'s dividends received deduction is

Group of answer choices

0

None of these.

$50,000

$65,000

X Co. had the following income and expenses:

Gross income from operations $700,000 Expenses from operations $750,000 Dividends received from a domestic corporation (25% owned by X Co.) $100,000 Capital loss carryback $90,000 Net operating loss carryforward $20,000

X Co.'s dividends received deduction is

Group of answer choices

None of these.

$32,500

$65,000

0

X Co. had the following income and expenses:

Gross income from operations $490,000 Expenses from operations $500,000 Dividends received from a domestic corporation (25% owned by X Co.) $100,000 Capital loss carryback $90,000 Net operating loss carryforward 0

X Co.'s dividends received deduction is

Group of answer choices

$50,000

$58,500

None of these.

$65,000