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QuestionQuestionQuestion
Blue Corporation is a C corporation with earnings of $700,000. It paid $200,000 in dividends to its sole shareholder, Vilolet. Violet also owns 100% of Green Corporation, an S corporation. Green had net taxable income of $100,000 and made a $40,000 distribution to Violet. What income will Violet report from Blue and Green's activities?
The response paper should be in APA format, double spaced, hand-written, numbered pages, with a cover page and references.
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