In each of the following independent situations, determine the dividends received deduction for the calendar year C

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In each of the following independent situations, determine the dividends received deduction for the calendar year C corporation. The corporate shareholders own less than 20% of the stock in the corporations paying the dividends. 

Cherry Corporation Almond Banana Corporation Corporation $ 700,000 $ 800,000 $ 900,000 Income from operations Expenses from operations (600,000) (860,000) (910,000) Qualifying dividends 100,000 100,000 100,000

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South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357109175

23rd Edition

Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney

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