Tractor Corp receives a dividend from Wheeling It, Inc., a U.S. subsidiary corporation, in the...
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Tractor Corp receives a dividend from Wheeling It, Inc., a U.S. subsidiary corporation, in the amount of $300,000 and a dividend of $50,000 from Microsoft stock. Tractor owns 85% of the stock of Wheeling It, Inc. and less than 1% of stock of Microsoft.
Explain what amounts need to consider in books. Is there any differences are there between books and Tax.
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