Question: During 2 0 X 5 , X co . had the following income and expenses: a . Determine X co . ' s dividends received

During 20X5, X co. had the following income and expenses:
a. Determine X co.'s dividends received deduction in 20X5?
b. Determine X co.'s dividends received deduction in 20X5 assuming that there was no
NOL carry forward and X co.'s business expenses were:
(i) $3,050,000 or (ii) $3,200,000.
During 20X5, X co. had the following income and expenses: a.

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