Hewlett-packard founders david packard and william hewlett strived to create a close-knit organizational culture that gave a lot of responsibility to employees and fostered innovation within the company. individual responsibility and the importance of innovation are

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?