Craig Corporation Realizes $150,000 from Sales During the Current Year

question 29

Multiple Choice

Craig Corporation realizes $150,000 from sales during the current year.Craig also receives $20,000 of dividends from a 3% owned corporation.Operating expenses totals $155,000.Craig's dividends-received deduction is

• A)$10,500
• B)$12,000
• C)$14,000
• D)$16,000
• E)$20,000

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