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ellllaaaxx
15.07.2020 •
Business
In each of the following independent situations, determine the dividends received deduction for 2018. Assume that none of the corporate shareholders owns 20% or more of the stock in the corporations paying the dividends.
Almond
CorporationBlond
CorporationCherry
Corporation
Income from operations$700,000$800,000$900,000
Expenses from operations(600,000)(800,000)(910,000)
Qualifying dividends100,000100,000
100,000
a. The dividends received deduction for Almond Corporation is $
b. The dividends received deduction for Blond Corporation is $
c. The dividends received deduction for Cherry Corporation is $
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Ответ:
a. The dividends received deduction for Almond Corporation is
$ 50,000
b. The dividends received deduction for Blond Corporation is
$ 50,000
c. The dividends received deduction for Cherry Corporation is
$50,000
Explanation:
If a company owns less than 20% of the outstanding stock from another corporation, its DRD = 50% of the dividends received.
If a company owns 20% or more, but less than 80% of the outstanding stock from another corporation, its DRD = 65% of the dividends received.
If a company owns 80% or more of the outstanding stock from another corporation, its DRD = 100% of the dividends received.
Ответ:
A AND D
Explanation: