Jones Corporation, a U.S. C corporation, owns 25% of the stock of Bien Corporation, French corporation that earns all of its income in Europe. Jones Corporation earned $1 million of operating income this year. In addition, it received a $500,000 dividend from Bien Corporation. 

Jones Corporation will be allowed a dividends-received deduction of:

Answer rating: 100% (QA)

The dividendsreceived deduction DRD allows US corporations to exclude a portion of dividends receive... View the full answer