ABC Corporation owns 10 percent of XYZ Corporation's stock. XYZ distributed a $10,000 dividend to...
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Accounting
ABC Corporation owns 10 percent of XYZ Corporation's stock. XYZ distributed a $10,000 dividend to ABC. ABC Corporation's taxable income (loss) before the dividend was $2,000). What is the amount of ABC 's dividends received deduction on the dividend it received from XYZ Corporation? $4,000$0$6,500$5,000$10,000
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