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  3. erin inc.'s gross income from operations was $500,

Erin Inc.'s gross income from operations was $500,000 and its operating expenses were $550,000. All...

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Accounting

Erin Inc.'s gross income from operations was $500,000 and its operating expenses were $550,000. All its activities qualify as domestic production activities. It also received a $200,000 dividend from a 30%-owned corporation. What is Erin Inc.'s dividend-received deduction? (Please show your computation) a. $60,000 b. $97,500 c. $130,000 d. $100,000

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