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Free_Kalibri [48]
2 years ago
6

Kinney, Inc., an electing S corporation, holds $5,000 of AEP and $9,000 in AAA at the beginning of the calendar tax year. Kinney

has two shareholders, Eric and Maria, each of whom owns 500 shares of Kinney's stock. Kinney's taxable income is $6,000 for the year. Kinney distributes $6,000 to each shareholder on February 1, and it distributes another $3,000 to each shareholder on September 1. How is Eric taxed on the distribution?
(A) $500 dividend income.
(B) $1,000 dividend income.
(C) $1,500 dividend income.
(D) $3,000 dividend income.
(E) None of the above.
Business
1 answer:
Murrr4er [49]2 years ago
7 0

Answer:

(C) $1,500 dividend income.

Explanation:

The total AAA available is $15000($10000+$5000(taxable income)).

The total distribution $18000(($6000×2)+($3000×2))

Here since available AAA is $15000 each get deduction of $7500($15000×500shares/1000shares).Hence $1500(i.e $6000+$3000-$7500) is taxable.

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Glenn is the R&D manager with Quick Print Inc. The company is having a problem with one of its most popular copiers jamming.
Arlecino [84]

Answer:

The correct answer is (C) Diagnosis.

Explanation:

The marketing plan is the starting point to successfully implement the business strategies of any business. It is a written document that must contain the objectives, strategies and actions to be performed. It must be developed both strategically and tactically; that is, you must consider the conditions surrounding the business and the details of the execution of the plan.

Within the strategic level, there is the diagnosis. This step is fundamental, as it provides the foundation for the development of a good marketing plan. The diagnosis allows to gather crucial information regarding the initial situation of the business and the market, with which it is possible to anticipate the threats or opportunities provided by external factors.

5 0
2 years ago
An army sergeant works as a trauma surgeon. Which two career clusters is he most likely a part of? the Energy cluster and the Ed
Svet_ta [14]

Answer:

the answer is B

Explanation:

i did it on edgenuity

4 0
2 years ago
Read 2 more answers
When Dollar General buys more than 50% of the stock of another company, Dollar General is called the parent of that company, and
sammy [17]

Answer:

Dollar General

Consolidated means that the financial statements of the parents have been combined with the financial statements of its subsidiaries so that the combined entities are presenting a single set of financial statements, as if they were one entity, which they are in the group sense.

Explanation:

For example, the income statement of Dollar General will be combined or consolidated with the income statement of one or all of its subsidiaries so that the investor has a view of the consolidated net income of the group.  To achieve this, some transactions that were done with inter-group companies will be eliminated, especially when the transactions have not been completed with entities outside the group.  For example, inventories bought from one company by another in the group, which have not been sold to the outside of the group will be eliminated so that the group does not assume to have made profits from itself.

7 0
2 years ago
Larance Detailing's cost formula for its materials and supplies is $2,230 per month plus $1 per vehicle. For the month of Novemb
lara [203]

Answer:

C) $95 F

Explanation:

Planned cost of materials and supplies = $2,230

Actual cost of materials and supplies = $2,160

Flexible budget for November = $2,230 - $2,285 + 25 =  $95 F.

It is is favorable (F) because Actual cost of materials and supplies is less than the Planned cost of materials and supplies.

5 0
2 years ago
Type the correct answer in the box. Spell all words correctly.
e-lub [12.9K]

Answer:

<u>autocratic</u> environment.

Explanation:

It can be said that Peter works in an autocratic environment, characterized by the authoritarianism of the leaders and the decision-making process totally focused only on the high hierarchy.

This work environment has greater control over employees and their activities because there is an inflexible chain of command, and subordinates must obey the decisions of their superiors even if it is not convenient.

There are some unfavorable points of the autocratic environment, such as the demotivation of employees due to lack of freedom and autonomy at work.

4 0
2 years ago
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