This year, GHJ, Incorporated received the following dividends: BP, Incorporated (a taxable California corporation in which GHJ
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Question:
This year, GHJ, Incorporated received the following dividends:
| BP, Incorporated (a taxable California corporation in which GHJ holds a 4% stock interest) | $ 18,500 |
|---|---|
| MN, Incorporated (a taxable Florida corporation in which GHJ holds a 38% stock interest) | 81,400 |
| AB, Incorporated (a taxable French corporation in which GHJ holds a 25% stock interest) | 18,500 |
Required:
Compute GHJ's dividends-received deduction.
Expert Answer:
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