Help

Sume $4$ Ext

Macon, Incorporated, a U$.$S$.$ corporation, owns stock in four corporations operating owerseas. Which of the following will quality for the $100\%,$ dividends$-$received deduction?

Multiple Choice

Levitt, incorporated, is a Belgian corporation in which Macon had owned $5$ percent of the outstanding stock for over $10$ pears.

Albany Corporation is a Swiss corporation in which Macon has owned $13$ pencent of the outstanding stock for three years.

Jones, Incorporated, is a U$.$S$.$ corporation operating primarly in Central America. Macon has ouned $30$ percent of Jones' snock for the part five year.

Martyr Corporation is an Italan corporation in which Macon owns $20$ percent of the outstanding stock. Macon acqued its investment in Martyr with be last year