Coplon, Inc., an industrial firm, earned $180,000 in dividends in 1993 - 4112

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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