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  3. 3. (tcos 1, 8, and 9) copper corporation owns stoc

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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