In the Current Year,Mockingbird Corporation (A Calendar Year Taxpayer)has the Following

question 160

Multiple Choice

In the current year,Mockingbird Corporation (a calendar year taxpayer) has the following income and expenses:
Gross income from operations
$1,900,000
Expenses from operations
2,000,000
Dividends from Hummingbird Corporation
400,000
​
Mockingbird Corporation owns 10% of the stock of Hummingbird Corporation.The dividends received deduction for the current year is:

• A)$210,000.
• B)$280,000.
• C)$300,000.
• D)$320,000.
• E)None of the above.