Question: Application Problems This year, GHJ Inc. received the following dividends: BP Inc. (a taxable California corporation in which GHJ holds a 2% stock interest) $17,300

Application Problems

  1. This year, GHJ Inc. received the following dividends:

BP Inc. (a taxable California corporation in which GHJ holds a 2% stock interest) $17,300
MN Inc. (a taxable Florida corporation in which GHJ holds a 52% stock interest 80,800
AB Inc. (a taxable Canadian corporation in which GHJ holds a 21% stock interest) 17,300

Compute GHJ Inc.

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