Corporations are able to exclude from taxation I. 30% of dividends from common and preferred stock held in the company's portfolio II. 70% of dividends from common and preferred stock held in the company's portfolio III. 70% of interest received on bonds held in the company's portfolio IV. 0% of interest received on bonds held in the company's portfolio

Corporations are able to exclude from taxation I. 30% of dividends from common and preferred stock held in the company's portfolio II. 70% of dividends from common and preferred stock held in the company's portfolio III. 70% of interest received on bonds held in the company's portfolio IV. 0% of interest received on bonds held in the company's portfolio

Corporations are able to exclude from taxation
I. 30% of dividends from common and preferred stock held in the company's portfolio
II. 70% of dividends from common and preferred stock held in the company's portfolio
III. 70% of interest received on bonds held in the company's portfolio
IV. 0% of interest received on bonds held in the company's portfolio 







A) I and III
B) I and IV
C) II and III
D) II and IV









Answer: D