DIVIDEND RECEIVED DEDUCTION Definition

DIVIDEND RECEIVED DEDUCTION is the reduction of dividend income from the taxable income of the investing corporation, as provided in section 301 of the Internal Revenue Code. Currently, 70% of dividends received from nonaffiliated corporations may be excluded from taxable income.

Learn new Accounting Terms

REQUISITION is a written request to buy something. Usually, once approved, the requisition is then transformed into a purchase order.

KNOWLEDGE ACQUISITION is the process of acquiring knowledge from a human expert for an expert system, which must be carefully organized into IF-THEN rules or some other form of knowledge representation.

Suggest a Term