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Determine sunshine corporation dividends received deduction

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Question - Sunshine Corporation owns 19% of Cloudy Corporation. Cloudy paid a $100,000 dividend to Sunshine Corporation in 2013. Sunshine's results from operations (before considering the dividend) are as follows:

Income from operations $685,000

Expenses from operations $735,000

Determine Sunshine corporation's dividends received deduction in 2014?

Reference no: EM132068443

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