Desire Corporation received dividends from DuBois, Inc. of $60,000. Desire owns 15% of the stock...
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Accounting
Desire Corporation received dividends from DuBois, Inc. of $60,000. Desire owns 15% of the stock in DuBois. Desire had taxable income, before taking the dividends received deduction ( DRD) into account, of $25,000. What is Desires DRD for the current year? (4 points)
Would your answer to 13 change if Desires taxable income pre-DRD was $40,000? If so, what would it be now?(4 points)
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