A Corporation May Elect to Take a Credit for Dividends

question 1

True/False

A corporation may elect to take a credit for dividends paid in lieu of claiming a dividends-received deduction.

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Definitions:

Willful Blindness

The deliberate avoidance of acknowledging information or facts that one could easily know, often to escape liability.

Unfair

Acting in a manner that is unjust, biased, or not in accordance with the rules or standards.

Rectification

The legal process of correcting an error or omission in a document to reflect the true intention of the parties involved.

Comma

A punctuation mark indicating a pause between parts of a sentence or used to separate items in a list.