Eagle Corporation Owns Stock in Hawk Corporation and Has Taxable

question 49

Multiple Choice

Eagle Corporation owns stock in Hawk Corporation and has taxable income of $160,000 for the year before considering the dividends received deduction.Hawk Corporation pays Eagle a dividend of $200,000,which was considered in calculating the $160,000.What amount of dividends received deduction may Eagle claim if it owns 15% of Hawk's stock?

• A)$0.
• B)$112,000.
• C)$140,000.
• D)$160,000.
• E)None of the above.

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