In the current year,Mockingbird Corporation (a calendar year taxpayer) has the following income and expenses:
Mockingbird Corporation owns 10% of the stock of Hummingbird Corporation.The dividends received deduction for the current year is:
A) $210,000.
B) $280,000.
C) $300,000.
D) $320,000.
E) None of the above.
Correct Answer:
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