Multiple Choice
Plum Corporation owns 10% of the stock of Pearl Corporation, which pays it a dividend of $50,000.Plum Corporation also owns 80% of the stock of Sienna Corporation, which pays it a $25,000 dividend.Assuming the taxable income limitation does not apply, how much is Plum Corporation's dividend received deduction for the year?
A) $52,500.
B) $55,000.
C) $60,000.
D) $75,000.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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Q4: Pink Corporation, which owns stock in Sienna
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Q7: Which of the following statements is incorrect
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