Multiple Choice
During the current year, Campbell Corporation receives dividend income of $40,000 from a 5%-owned domestic corporation. What is Campbell's maximum allowable dividend-received deduction for the current year?
A) $- 0 -
B) $20,000
C) $26,000
D) $28,000
E) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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