Question: Tech Corp. files a consolidated return with its wholly - owned subsidiary, Dow Corp. During the year, Dow paid a cash dividend of $ 2

Tech Corp. files a consolidated return with its wholly-owned subsidiary, Dow Corp. During the year, Dow paid a cash dividend of $20,000 to Tech. What amount of this dividend is taxable on the current years consolidated return?
$0
$20,000
$7,000
$13,000

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