NDFs are traded and settled inside the country of the subject currency, and therefore are within the control of the country's government

The effective interest rate is calculated as total interest during the year divided by the beginning balance as the first of the year

Indicate whether the statement is true or false.

During the current year, the Melaleuca Corporation received dividends from 50-percent-owned domestic corporations in the amount of $100,000

a. Assuming that in addition to the dividend income the corporation has gross income from operations of $250,000 and deductible operating expenses of $210,000, calculate the amount of the corporation's dividends received deduction for the current year. b. If, instead of $250,000 in gross income from operations, the corporation has $200,000 in gross income from operations and the same amount of dividends and expenses, calculate the amount of the corporation's dividends received deduction for the current year.