Maurice Tutor

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Category > Management Posted 31 Mar 2018 My Price 4.00

Devon Corp

The following chart shows ownership percentages of Devon Corp. in X, Y and Z Corporations, and dividends received by Devon from these corporations in 2016.

 

Devon’s Ownership %

Dividend Received

X Corp.

15%

$100,000

Y Corp.

20%

$120,000

Z Corp.

30%

$200,000

Devon is a calendar-year corporation and received no other dividends in 2016. What amount of dividend income must be included by Devon on its 2016 corporate tax return?

Answers

Maurice Tutor
(5)
Status NEW Posted 31 Mar 2018 01:03 PM My Price 4.00

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