Eagle Corporation Owns Stock in Hawk Corporation and Has Taxable

question 92

Multiple Choice

Eagle Corporation owns stock in Hawk Corporation and has taxable income of $100,000 for the year before considering the dividends received deduction.Hawk Corporation pays Eagle a dividend of $130,000,which was considered in calculating the $100,000.What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?

• A)$0
• B)$70,000
• C)$91,000
• D)$104,000
• E)None of the above

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