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Cactus Corporation, an S Corporation, had accumulated earnings and profits of $100,000 at the beginning of 2008. Tex and Shirley each own 50% of the stock. Cactus does not make any distributions during 2008, but had $200,000 of ordinary income. In 2009, ordinary income was $100,000 and distributions were $100,000. What is Tex's ordinary income for 2009?
a.$0.
b.$50,000
c.$100,000
d.$200,000
What is the basic purpose for examining trends in a company's financial ratios and other data? What other kinds of comparisons might an analyst make?
how much liability for outstanding premiums should be recorded at the end of 2008?
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Mark Wilson, chief of personnel, has been instructed to increase the hiring of women at the Morton Cement Company.
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Research and locate the business information of an energy company. The investigation team has assigned to you the task of identifying databases that are repository of public records, and that may be used for investigating the following:
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