If a Corporation Receives Dividends from an 80% or More

question 40

True/False

If a corporation receives dividends from an 80% or more owned affiliated corporation,the dividends-received deduction is 100%.

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Definitions:

Machine Hours

The total number of hours that machinery is operational during a certain period.

Number Of Employees

A count of all individuals working for a company, including both full-time and part-time staff.

Step-down Method

A cost allocation method used in managerial accounting to allocate overhead costs from service departments to producing departments.

Labor Hours

The total number of work hours spent by employees on production or service delivery.