Fallon Inc

question 14

Multiple Choice

Fallon Inc., a U.S. corporation, owns stock in several foreign corporations. This year, Fallon received $420,000 as a dividend from Mars Corporation, and $225,000 as a dividend from Jupiter Inc. Mars is a foreign corporation in which Fallon has owned 8 percent of the outstanding stock for ten years. Jupiter is a foreign corporation in which Fallon has owned 17 percent of the outstanding stock for two years. Compute Fallon's allowable dividends-received deduction for these foreign dividends.

• A) $420,000
• B) $225,000
• C) $665,000
• D) $0

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Definitions:

Social Network

An online platform or service where individuals can connect, communicate, and share content with others in a virtual community.

Nodes

Nodes are points in a network where pathways intersect, serving as connection or redistribution points in various systems, such as telecommunications, computer networks, or social networks.

Maven

An expert or connoisseur, often referring to a person who has special knowledge or experience; used particularly in the context of marketing to describe influential figures.

Niche Market

A specialized segment within the marketplace characterized by a unique demand and specific consumer preferences, often less competitive than broader markets.