User Account

All Pages

What amount of the distribution is taxed

Assignment Help Accounting Basics
Reference no: EM132543622

Question - During 2019, the Theranose Corporation has ordinary income of $11,000.Theranose Inc., a calendar-year S corporation has a balance in its Accumulated Adjustments Account and accumulated Earnings & Profits of $4,000 and $20,000, respectively, at the beginning of 2019.

During 2019, the corporation makes a $15,000 distribution to its shareholders. What amount of the $15,000 distribution is taxed as dividend income to the shareholders?

Reference no: EM132543622

Questions Cloud

Can accept the type of fee arrangement if not why : The audit report is not unmodified or the bank loan is not approved, the client will pay you nothing. Can you accept this type of fee arrangement? If not, why
What are the inconsistencies in predicting future behavior : In business, a main set of activities are focused on predicting behavior of customers and employees. Organizations perhaps have some loose idea of the behaviors
Compute the net present value : The machine generates cash flows of £7,000 per annum. If accepting the machine doubles the company's beta to 3.0, compute the Net Present Value
How can organizations measure intangible variables : How can organizations measure intangible variables in such a way as to provide construct validity? In metrics many factors can be measured directly.
What amount of the distribution is taxed : The corporation makes a $15,000 distribution to its shareholders. What amount of the $15,000 distribution is taxed as dividend income to the shareholders
Construct journal entry to record the issuance of the bond : The company redeemed the bonds at 102. Record the redemption of the bonds assuming that interest for the period has already been paid.
What the behavior or experience means to the participant : As you have learned, there are many ways to study social and behavioral phenomena. Some of the methods we use involve quantifying responses.
Determine allocation of dividend to preferred stockholders : Determine the allocation of the dividend to preferred and common stockholders assuming the preferred stock is cumulative and dividends are 1 year in arrears
What are advantages of bond financing over common stock : What are advantages of bond financing over common stock except?stockholder control is not affected/possibly higher earnings per share

Reviews

Write a Review

Accounting Basics Questions & Answers

  Marketing strategies proposal

Kudler Fine Foods is a gourmet grocery store that prides itself on customer service. As a growing enterprise in a competitive market, Kudler Fine Foods wants to create a marketing campaign to improve and maintain long-term customer loyalty.

  Determine the cost of goods sold

The following relates to inventory purchases: Determine the Cost of Goods Sold and the cost of ending inventory using the FIFO and LIFO valuation methods

  Classifications in comprehensive income

What are three classifications within comprehensive income according to the FASB codification? Thanks and I will be sure to leave positive feedback.

  Prepare journal entry to record bond interest payment

Prepare journal entry to record bond interest payment on July 1st - Prepare journal entry accrual of interest expense December 31st

  Journalize the adjusting entry needed on december

Journalize the adjusting entry needed on December 31, for each of the previous items affecting Laughter Landscaping

  How all employees can minimise five energy

Academies Australasia - BSBITU402 Develop and use complex spreadsheets Assignment - Demonstration/Written Response. How all employees can minimise five energy

  Gruner also incurs 7 sales commission 048 on each disc

gruner co. produces golf discs which it normally sells to retailers for 6.92 each. the cost of manufacturing 20100 disc

  Determine the contribution margin in dollars per unit and

in the month of june angelas beauty salon gave 3500 haircuts shampoos and permanents at an average price of 30. during

  What is proper per unit inventory value for product alpha

Given the acquisition cost of product ALPHA is $21, the net realizable value. dwhat is the proper per unit inventory value for product ALPHA applying LCM?

  Calculate the accounts receivable turnover ratio

Allowance for Doubtful Accounts - $6,000 for 2018 and 7,500 for 2019. Calculate the accounts receivable turnover ratio to one decimal place

  Estimate the proportion of viewers

a. A television executive wants to estimate the proportion of viewers in the country who are watching the network at a certain hour. b. A newspaper editor wants to survey the attitudes of the public toward the type of news coverage offered by the p..

  Maintain an end of month inventory equal

1.You feel that these estimates are very uncertain and that the demand for the item miht grow. Due to this concern, you want to maintain an end of month inventory equal to 50% of each approaching month. You expect to begin May with only 100 units ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd