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Question - Eagle corp owns stock in hawk corp and has taxable income of $ 100,000 for the tax year before considering the dividends received deductions. hawk corp pays eagle a dividend of $ 130,000 which was considered in calculating the $ 100,000. What amount of dividends received deduction may eagle claim if it owns 15% of hawks stock
a) $ 0
b) $ 70,000
c) $ 91,000
d) 104,000
e) none of above
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