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(Solved): If X corporation receives a dividend from Z corporation (a 5% owned entity) and a dividend from M co ...



If X corporation receives a dividend from Z corporation (a 5% owned entity) and a dividend from M corporation (a 25% owned company - vote and value) when applying the taxable income limit for the 50% dividends received deduction "taxable income" is first reduced by the 65% dividends received deduction. True False



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