Which of the following statements is not true? a. Affiliated corporations that file consolidated returns can take

Question:

Which of the following statements is not true?
a. Affiliated corporations that file consolidated returns can take a 100% dividends received deduction.
b. The dividends received deduction for a small investment in an unrelated corporation is 50%.
c. The dividends received deduction for a large investment in a corporation is 65%.
d. There is no income limitation on the dividends received deduction.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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