Dividends-received deduction

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Reference no: EM13156256

One year Potter, Inc. had gross income from sales of $210,000, business expenses of $230,000, and dividend income from U.S. corporations of $150,000. Potter's 80 percent dividends-received deduction was:

a. $104,000

b. $120,000

c. $0

d. $150,000

Reference no: EM13156256

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