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Benchmark,Inc

Question 107

Multiple Choice

Benchmark,Inc.,a U.S.shareholder owns 100% of a CFC from which Benchmark receives a $3 million cash distribution.The CFC's E & P is composed of the following amounts.
Benchmark,Inc.,a U.S.shareholder owns 100% of a CFC from which Benchmark receives a $3 million cash distribution.The CFC's E & P is composed of the following amounts. Benchmark recognizes a taxable dividend of: A) $3 million. B) $700,000. C) $2,300,000. D) $0. E) None of the above.
Benchmark recognizes a taxable dividend of:


A) $3 million.
B) $700,000.
C) $2,300,000.
D) $0.
E) None of the above.

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