Drexel Corporation cannot take a dividends-received deduction on the Zebra Corporation dividend. Drexel Corporation cannot recognize a capital loss....

B. Drexel Corporation cannot take a dividends-received deduction on the Zebra Corporation dividend. A. Drexel Corporation cannot recognize a capital loss. Which of the following statements is correct? A. Drexel Corporation cannot recognize a capital loss. B. Drexel Corporation cannot take a dividends-received deduction on the Zebra Corporation dividend. C. Drexel Corporation will be allowed a 70% dividends-received deduction when reporting the Zebra Corporation dividend. D. Drexel Corporation will receive no dividends-received deduction because the stock was purchased ex-dividend.