14-24. What is the purpose of the dividends-received deduction? What corporations are entitled to claim this deduction? What dividends qualify for

14-24. What is the purpose of the dividends-received deduction? What corporations are entitled to claim this deduction? What dividends qualify for this deduction?

Ans. 14-51This deduction is also called DRD or dividend received deduction and the main reason for itsallowance is to avoid triple taxation. As the corporations who gave these dividends are...