For the current taxable year rst inc.s gross income from, Ask an Expert

Accounting

For the current taxable year, RST Inc.'s gross income from operations was $1,000,000 and its expenses from operations were $1,500,000. RST Inc. also received a $600,000 dividend from a 10 percent-owned corporation. How much is RST Inc.'s dividends-received deduction?

A. 0.

B. $70,000.

C. $320,000.

D. $420,000.

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Accounting Basics, Accounting

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