The Brush Cherry Corporation has a $75,000 loss from operations (excluding dividends received) for 2011,and dividends of $150,000 received from 30%-owned domestic corporations.How much is the Brush Cherry Corporation's dividends received deduction for 2011?
A) $45,000
B) $75,000
C) $105,000
D) $120,000
E) None of the above.
Correct Answer:
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