Question: Exercise 3-27 (Algorithmic) (LO. 2) Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon $283,500 Gross

Exercise 3-27 (Algorithmic) (LO. 2) Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. Crane Loon $283,500 Gross income from operations Expenses from operations Dividends received from domestic corporations (15% ownership) 396,900 $453,600 476,280 340,200 170,100 Click here to access the dividends received deduction table. a. Compute the dividends received deduction for Crane Corporation. $ b. Compute the dividends received deduction for Loon Corporation

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