No Dividends Received Deduction Is Allowed Unless the Corporation Has

question 79

True/False

No dividends received deduction is allowed unless the corporation has held the stock for more than 90 days.

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Definitions:

Bilateral Animals

Organisms with a symmetrical body plan, dividing the body into two equal halves, characteristic of most animals.

Proboscis

An elongated appendage from the head of an animal, especially an insect, used for feeding or sensing.

Deuterostomes

A major group within the animal kingdom that includes organisms developing an anus from the first opening in the embryo, with subsequent formation of the mouth.

Protostomes

A group of animals characterized by developing the mouth before the anus during embryonic development, including mollusks and arthropods.