Azul Corporation, a calendar year C corporation, received a dividend of $62,000 from Naranja Corporation....
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Accounting
Azul Corporation, a calendar year C corporation, received a dividend of $62,000 from Naranja Corporation. Azul owns 30% of the Naranja Corporation stock. Assuming it is not subject to the taxable income limitation, what is the actual taxable amount of the dividend received by Azul?
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