How will the corporation identify the distributions to john

Assignment Help Financial Accounting

Reference no: EM13136059

A-corp distributed $10,000 cash to John, its sole Class A common stockholder in May, 2009. It also made a $10,000 cash distribution to Bill, its sole Class B common stockholder in December, 2009. The corporation has $6,000 in current earnings and profits for the year and $8,000 in accumulated earnings and profits. How will the corporation identify the distributions to John and Bill?

Reference no: EM13136059

Questions Cloud

Explain why comparing the projects npvs is better : Suppose a company has 5 different capital budgeting projects from which to choose, but has constrained funds and cannot implement all of the projects. Explain why comparing the projects' NPVs is better than comparing their IRRs.

Binding obligations on the county : The county then will make yearly lease payments (of principal and interest) to repay the obligation. Unlike conventional municipal bonds, the lease payments are not binding obligations on the county and, therefore, require no voter approval.

What are the solute particles present in aqueous solution : Sucrose, C12H22O11, is a nonelectrolyte; hypochlorous acid, HClO, is a weak electrolyte; and ammonium chloride, NH4Cl, is a strong electrolyte.

Technologies that facilitate collaboration : What are the five Web 2.0 technologies that facilitate collaboration? What features does each technology provide?

How will the corporation identify the distributions to john : The corporation has $6,000 in current earnings and profits for the year and $8,000 in accumulated earnings and profits. How will the corporation identify the distributions to John and Bill?

Initial proposal of snap : Write an initial proposal of no more than 1,050 words regarding the Supplemental Nutrition Assistance Program (SNAP).

What do you think we should do in the “eal world : Lou was overjoyed that the deal was completed and told Judy to go out to diner with her husband and charge it to the bank as a reward for a job well done. To make it a “reimbursable” expense he told Judy to indicate she had diner with one of Ac..

Confidence interval for true proportion of all voters : Ffavor approval of an issue before the legislature. Construct the 95% confidence interval for the true proportion of all voters in the state who favor approval.

Break even point in units and in sales dollars : Kettle goods company has a unit selling price of 500 $, variable cost per unit $ 300 and fixed costs of $170,000. Compute the break even point in units and in sales dollars.

User Account

All Pages