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What is canton co dividends-received deduction

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Question - Canton Co.'s gross income from operations was $1,000,000 and its expenses from operations were $1,500,000. It also received a $600,000 dividend from an 85%-owned corporation. What is Canton Co.'s dividends-received deduction?

a. $-0-

b. $100,000

c. $320,000

d. $600,000

Reference no: EM132533994

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