Crimson Corporation owns stock in other C corporations as follows: 90% of Gray; 30% of Mocha; and 10% of Saffron.During the current year,it receives dividends from the corporations as follows: $80,000 from Gray; $60,000 from Mocha; and $100,000 from Saffron.Presuming no taxable income limitations,what is Crimson's dividends received deduction?

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The Answer of Crimson Corporation owns stock in other C corporations as follows: 90% of Gray; 30% of Mocha; and 10% of Saffron.During the current year,it receives dividends from the corporations as follows: $80,000 from Gray; $60,000 from Mocha; and $100,000 from Saffron.Presuming no taxable income limitations,what is Crimson's dividends received deduction?

Crimson Corporation Owns Stock in Other C Corporations as Follows