What is riverbends deductible drd

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Reference no: EM133972295

Problem

Riverbend Incorporated received a $397,500 dividend from stock it held in Hobble Corporation. Riverbend's taxable income is $2,270,000 before deducting the dividends-received deduction (DRD), a $73,000 NOL carryover, and a $156,000 charitable contribution. Get the instant assignment help.

What is Riverbend's deductible DRD assuming it owns 10 percent of Hobble Corporation?

Reference no: EM133972295

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