Copper Corporation Owns Stock in Bronze Corporation and Has Net

question 4

Multiple Choice

Copper Corporation owns stock in Bronze Corporation and has net operating income of $600,000 for the year.Bronze Corporation pays Copper a dividend of $200,000.What amount of dividends received deduction may Copper claim if it owns 95% of Bronze stock (assuming Copper's dividends received deduction is not limited by its taxable income) ?

• A)$0.
• B)$140,000.
• C)$160,000.
• D)$190,000.
• E)None of the above.

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