Coplon, Inc., an industrial firm, earned $180,000 in dividends - 2396

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Request Description

Coplon, Inc., an industrial firm, earned $180,000 in dividends in 1993 on their stock holding in the Finco Company. How much of the dividends are excluded from Coplon's taxable income?

a. $27,000

b. None

c. $126,000

d. $153,000 

Solution Description

Coplon, Inc., an industrial firm, earned $180,000 in divid