The receipt of a 20000 dividend will generate a dividends received deduction of

The receipt of a 20000 dividend will generate a

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29.(LO 2) To compute Yellow Corporation’s E & P for 2016, the $40,000 Federal income taxes paidwould be subtracted from taxable income. To compute 2017 E & P, Yellow Corporation wouldadd $25,000 to taxable income to reflect the Federal income tax refund.
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