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In each of the following independent situations, determine the dividends

In each of the following independent situations, determine the dividends

In each of the following independent situations, determine the dividends received deduction. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends.

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Income from operations Expenses from operation Qualifying dividends Almond Corporation $ 700,000 (600,000) 100,000 Blond Corporation S 800,000 (850,000) 100,000 Cherry Corporation $900,000 (910,000) 100,000

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South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts

39th edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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