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Business, 15.04.2020 02:24 highschoolkid621
Corporation A receives a dividend from Corporation B. It includes the dividend in gross income for tax purposes but includes a pro-rata portion of B's earnings in its financial accounting income. If A has accounted for the dividend correctly (using the general rule), how much of B's stock does A own?
A. A owns less than 20 percent of the stock of
B B. A owns at least 20 but not more than 50 percent of the stock of B
C. A owns more than 50 percent of the stock of B
D. Cannot be determined
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