1 for this year pine corporation had losses of 20000 from, Ask an Expert

Accounting

1. For this year, Pine Corporation had losses of $20,000 from operations. It received $180,000 in dividends from a 25%-owned domestic corporation. Pine's taxable income is $160,000 before the dividends-received deduction. What is the amount of Pine's dividend-received deduction?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91060219

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