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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