During the Current Year,Goose Corporation (A Calendar Year,cash Basis Taxpayer)receives

question 29

Multiple Choice

During the current year,Goose Corporation (a calendar year,cash basis taxpayer) receives cash dividends as follows: Presuming the taxable income limitation does not apply,Goose Corporation's dividends received deduction for the current year is:

• A) $126,000.
• B) $135,000.
• C) $141,000.
• D) $159,000.
• E) None of the above.