Which of the following statements regarding the current year tax treatment of corporate dividends is true?

A. All shareholders receiving dividend payments from U.S. corporations are entitled to a dividends-received deduction.
B. Dividends-received from foreign corporations are not eligible for the dividends-received deduction.
C. Dividend payments between members of an affiliated group of corporations filing a consolidated return are tax exempt.
D. Corporations are entitled to deduct dividend payments to shareholders in calculating corporate taxable income.


Answer: C

Business

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