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$66,000 of interest on the debt this year. Lime received a $60,000 cash dividend on...

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Accounting

$66,000 of interest on the debt this year. Lime received a $60,000 cash dividend on the Beer stock on September 1 of the current year. Cheers has $4 million of taxable income before any dividends-received deduction.
Read the requirements.
Requirement a . What amount can Lime deduct for the interest paid on the loan?
Lim. the interest paid on the loan.
Requirement b. What dividends-received deduction can Lime claim with respect to the dividend?
How much of the $60,000 dividends received from Beer must Lime include in its income?
Dividends-received deduction for Lime =
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