3. (TCOs 1, 8, and 9) Copper Corporation owns stock in Bronze Corporation and has...
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Accounting
3. (TCOs 1, 8, and 9) Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year. Bronze Corporation pays Copper a dividend of $150,000. What amount of dividends received deduction may Copper claim if it owns 65% of Bronze stock (assuming Copper's dividends received deduction is not limited by its taxable income)? (Points : 5)
$0 $105,000 $120,000 $150,000 None of the above
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