Trestle Corp.

Question 106
Essay

Trestle Corp.received $100,000 of dividend income from minor holdings (less than 20%)in U.S.publicly-traded corporations.Determine the allowable dividend-received deduction under the following assumptions of net income from operations: a.Net income from operations is $600,000. b.Net income from operations is ($10,000). c.Net income from operations is ($150,000).