Question: Mustard Corporation a C corporation owns 15 of the stock

Mustard Corporation (a C corporation) owns 15% of the stock of Burgundy Corporation (a C corporation), which pays an annual dividend to its shareholders. Mustard is considering the purchase of additional shares of Burgundy stock. Would this stock purchase affect the amount of dividends received deduction that Mustard can claim? Explain.

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  • CreatedSeptember 09, 2015
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