Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year. a. Comp
Posted: Sun Jun 05, 2022 8:33 pm
Crane and Loon Corporations, two unrelated C corporations, have
the following transactions for the current year.
a. Compute the dividends received deduction for Crane
Corporation. $_______________ b.Compute the dividends received
deduction for Loon Corporation. $________________
Percentage of Ownership by Corporate Shareholder Deduction
Percentage
Less than 20% 50%
20% or more (but less than 80%) 65%
80% or more* 100%
*The payor corporation must be a member of an affiliated group with
the recipient corporation.
the following transactions for the current year.
a. Compute the dividends received deduction for Crane
Corporation. $_______________ b.Compute the dividends received
deduction for Loon Corporation. $________________
Percentage of Ownership by Corporate Shareholder Deduction
Percentage
Less than 20% 50%
20% or more (but less than 80%) 65%
80% or more* 100%
*The payor corporation must be a member of an affiliated group with
the recipient corporation.