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
a. $27,000
b. None
c. $126,000
d. $153,000
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