Japan and Saudi Arabia both produce oil and cell phones and do not trade with each other. The countries are considering specializing in one product or the other and then trading with each other. Would this benefit Japan and Saudi Arabia

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)?