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Calculate griffin allowable dividends-received deduction

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Reference no: EM132689071

Griffin Corporation received $80,000 of dividend income from Eagle, Inc. Griffin owns 6 percent of the outstanding stock of Eagle. Griffin's marginal tax rate is 21 percent.

Required:

Problem a. Calculate Griffin's allowable dividends-received deduction and its after-tax cash flow as a result of the dividend from Eagle.

Reference no: EM132689071

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