Eagle Corporation owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction. Hawk Corporation pays Eagle a dividend of $130,000, which was considered in calculating the $100,000 . What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?
a. $0
b. $70,000
c. $91,000
d. $104,000
e. None of the above
b
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In certain industries, Japanese employers do not lay off workers. Therefore, they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses, they sell goods in overseas markets at prices well beneath those in Japan. This practice is best referred to as
a. orderly marketing. b. trigger pricing. c. domestic content pricing. d. dumping.
The confirmation of customers' accounts receivable rarely provides reliable evidence about the completeness assertion because:
A. many customers merely sign and return the confirmation without verifying its details. B. customers may not be inclined to report understatement errors in their accounts. C. recipients usually respond only if they disagree with the information on the request. D. auditors typically select many accounts with low recorded balances to be confirmed.
Sam Utley drives to a local convenience store to purchase milk. The store that sells milk to Utley most likely engages in ________ selling.
A. benefit B. transaction C. transformational D. relationship E. partnership
What is the name given to organisations that are typically small, fast-growing service providers and whose principal resource is the expertise of the employees that work for them:
a. knowledge-intensive firms b. knowledge-rich companies c. knowledge-loaded organisations d. knowledge-sodden firms