What is the amount of pearls dividends received deduction, Financial Accounting

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What is the amount of pearls dividends received deduction

Problem

Pearl Corporation, a calendar year C Corporation has the following information for the year:

Gross Income from Operations $200,000
Expenses from Operations (245,000)
Dividends Received from domestic Corporation (80% subsidiary) 100,000
Taxable Income before Dividends Received Deduction $55,000

What is the amount of Pearl's dividends received deduction?

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Financial Accounting: What is the amount of pearls dividends received deduction

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Financial Accounting: What is the amount of pearls dividends received deduction

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