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Question - A non-CCPC has an LRIP balance of $78,000 at the end of the 2015 fiscal year. In 2016, the company wishes to pay a dividend of $250,000. During 2016, prior to the payment of the dividend, the company receives eligible dividends of $35,000 and non-eligible dividends of $85,000. How much of the $250,000 dividend must be paid as a non-eligible dividend before an eligible dividend can be designated?
A. $78,000
B. $113,000
C. $163,000
D. $250,000
Selected transactions for the Finney Company are presented in journal form below.
sales price 6.15 per unitvariable costs 2.44 per unitfixed costs 10184how many units must this company sell to achieve
directlabor-hours per unit annualproductionrims 0.80 13000 unitsposts 0.40 42000 unitsadditional information about the
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