Canary Corporation, a calendar year C corporation, received an $80,000 dividend from Stork Corporation. Canary owns 35%

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Canary Corporation, a calendar year C corporation, received an $80,000 dividend from Stork Corporation. Canary owns 35% of the Stork Corporation stock. Assuming it is not subject to the taxable income limitation, Canary's dividends received deduction is $52,000. True

Posted Date: May 18, 2024 02:09 PM

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Canary Corporation, a calendar year C corporation, received an $80,000 dividend from Stork Corporation. Canary owns 35%

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