User Account

All Pages

Determine the effect of the distribution on the shareholders

Assignment Help Accounting Basics
Reference no: EM132932086

Question - An entity reports the following income for the current year.

Operations $92,000

Tax-exempt interest income 19,000

Long-term capital gain 60,000

The entity holds earnings and profits (AAA for an S corporation) of $900,000 at the beginning of the year. A distribution of $200,000 is made to the owners.

Determine the effect of the distribution on the shareholders for the entity. Assume shareholder have sufficient stock basis.

What is the ending E & P of the corporation?

Reference no: EM132932086

Questions Cloud

Did seaver books act ethically in reinstating the debt : Did Seaver Books act ethically in reinstating the debt of one client, and not the other? Seaver Books, a small book publishing company, wrote off the debt
How to set up a transaction analysis based on the accounting : This will help Suzie understand that through this process every financial transaction that occurs in her business must be reconciled on each side of the equatio
Researching process methodology : Write a paper researching a process methodology as related to project management. Define the term process methodology.
Calculate the payback period : Calculate the Payback Period - The Sunny Valley Wheat Cooperative is considering the construction of a new silo. It will cost $126,000 to construct the silo
Determine the effect of the distribution on the shareholders : Determine the effect of the distribution on the shareholders for the entity. Assume shareholder have sufficient stock basis
What is direct labor of the company : A company's prime costs total $3,000,000. What direct labor is? A company's prime costs total $3,000,000 and its conversion costs total $7,000,000.
How much interest would you have to pay in the first year : Suppose you borrowed $39,000 at rate of 10.0% and must repay it in 5 equal installments at the end of each of the next 5 years. How much interest would you have
Business intelligence to gain dominance : Which highlights how businesses have integrated Big Data Analytics with their Business Intelligence to gain dominance within their respective industry.
Important to assess and document your education : Why is it important to assess and document your education, training, work experience, and accomplishments?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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