Redbird company receiveds dividend income of 25000 from a

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Reference no: EM13596538

Redbird Company receiveds Dividend income of 250,00 from a corporation- holds 10% interest, redbird also has interest income of 35,000 from municipal bonds, redbird borrowed funds to purchase bond and pays 20,000 interest, exlcuding items noted above, redbirds taxable income is 500,000.

A.. what is redbirds's taxable income after the interest, bonds and dividends income and intersest paid are taken in account?
B. what is redbird's corporation's accumulated earnings and profit at end of year if beginning balance is 150,000?

Reference no: EM13596538

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