Eagle Corporation owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000. What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?
A) $0.
B) $70,000.
C) $91,000.
D) $104,000.
E) None of the above.

Question

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The Answer of Eagle Corporation owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000. What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?
A) $0.
B) $70,000.
C) $91,000.
D) $104,000.
E) None of the above.

Eagle Corporation Owns Stock in Hawk Corporation and Has Taxable