Business, 18.10.2019 00:00, nell1234565

In the current year, crimson, inc., a calendar c corporation, has income from operations of $180,000 and operating deductions of $225,000. crimson also had $30,000 of dividends from a 15% stock ownership in a domestic corporation. which of the following statements is correct with respect to crimson for the current year? a. crimson’s nol is $15,000. b. a dividends received deduction is not allowed in computing crimson’s nol. c. the nol is carried back 3 years and forward 10 years by crimson. d. crimson’s dividends received deduction is $21,000. e. none of the above.

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In the current year, crimson, inc., a calendar c corporation, has income from operations of $180,000...