Techno Co. files a consolidated return with its wholly owned subsidiary, Down Corp. During 2081,...
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Accounting
Techno Co. files a consolidated return with its wholly owned subsidiary, Down Corp. During 2081, Down paid a cash dividend of $20,000 to Techno. What amount of this dividend is taxable on the 2018 consolidated tax return? Please explain!
$0
$6,000
$14,000
$20,000
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