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Question - The Brick Corporation, a C corporation, is owned 100% by Ken Dent and had taxable income in 2018 of $ 510,000.
Ken is also an employee of the corporation. In December 2018, the corporation has decided to distribute $ 420,000 to
Ken and has asked you whether it would be better to distribute the money as a dividend or salary.
Ken a single taxpayer, is in the 37% marginal tax bracket. How would you respond to Brick Corporation? Consider only income taxes for this problem. (Ken's taxable income exceeds $ 425,800).
Required - Calculate both as distributed as dividends and as salary?
How much total bond interest expense will be recognized over the life of these bonds? What is the amount of the discount on these bonds at issuance?
Explain what Nowicki means by quasi regulations and give an example of a quasi regulation that you are familiar with from your work or course work.
Uncollectible accounts reflected a balance of 8400. Credit sales for the year were $973,900. Credit terms are 2/10, n/30. which statement is correct
Bank A charges 11.6% APR on auto loans with monthly compounding. What is the Effective Annual Rate (EAR)? For example, answer as 17.356 (not 0.17356).
Accounts payable. $31,000. Accounts receivable 62,000. Accrued liabilities 6,000. What is the quick ratio rounded to one decimal point?
If the plant will be needed indefinitely, what is the total investment that the city should budget for the project
The current annual dividend (just paid) is $3, and the required rate of return is 12 per cent. What is the value of a share using the dividend growth model?
Indicate which of the following accounts is increased by a debit( select all):
The partners decide to liquidate their firm and they accordingly convert the non-cash assets into P11,600 cash. What is the gain (loss) on realization
How do Show the relevant cost of capital for each source of finance and compute the weighted average cost of capital (WACC) for the company.
If the market value of $22 per share is used, the amounts debited to Stock Dividends and credited to Paid-in Capital in Excess of Par are
36% return, a 30% chance of producing a 10% return, and a 20% chance of producing a -28% return. What is the firm's expected rate of return?
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