MS Corporation, a calendar year C corporation, has (1) gross income from operations $200,000, (2) expenses from operations $245,000,(3) dividends received from a less than 20% owned domestic corporation $100,000 and (4) taxable income before the dividends received (DRD) deduction $55,000. Determine MS's DRD deduction for the year. $100,000 $55,000 $45,000 $27,500

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is