Orange Corporation Owns Stock in White Corporation and Has Net

question 31

Multiple Choice

Orange Corporation owns stock in White Corporation and has net operating income of $400,000 for the year.White Corporation pays Orange a dividend of $60,000.What amount of dividends received deduction may Orange claim if it owns 45% of White stock (assuming Orange's dividends received deduction is not limited by its taxable income) ?

• A)$27,000
• B)$42,000
• C)$48,000
• D)$60,000
• E)None of the above

---

Definitions:

Nike

Nike is a global leader in athletic footwear, apparel, and equipment, renowned for its innovative products and influential marketing campaigns.

SWOT Analysis

A strategic planning tool that identifies Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

Met Museum

Refers to The Metropolitan Museum of Art in New York City, one of the world's largest and most prestigious art museums.

Environmental Scan

The process of systematically collecting and analyzing external and internal environments to identify trends, opportunities, and threats.