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Problem - On January 1, year 5, Olinto Corp., an accrual basis, calendar year C corporation, had $35,000 in accumulated earnings and profits. For year 5, Olinto had current earnings and profits of $15,000 and made two $40,000 cash distributions to its shareholders-one in April and one in September of year 5. What amount of the year 5 distributions is classified as dividend income to Olinto's shareholders?
a. $15,000
b. $35,000
c. $50,000
d. $80,000
You have determined that u the mean one year total percentage return achieved by all the funds is 6.80 and that o the standard deviation is 2.75 according to the empirical rule what percentage of these funds is expected to be within 3 standard dev..
Evaluate methods of controlling stock and cash in a business and services environment and state bank balance in the cash book
Prepare 2014 entries for Crow using the expense warranty approach. Assume that Crow estimates the total cost of servicing the warranties
What is the tax effect for Senior if he dies after receiving only 10 payments? (c) What is the result if he lives to receive 17 payments?
Reported net income was $27,000 in 2009 and $35,000 in 2010. The allowance for doubtful accounts had a zero balance at the beginning of 2009. No accounts were written off during 2009 or 2010. Ignore income taxes.
Why is it important to report discontinued operations or extraordinary items separately from income from continuing operations? Does the average investor understand the difference?
In recent years directors and CEOs of companies have been placing more importance on holistic reporting of company activities rather than simply reporting what is required by the Accounting Standards, the Corporations Act and other legislation.
What is the earnings per share, or EPS, figure. What is the dividends per share figure
1. Prepare the journal entries to correct the errors (ignore income taxes). 2. Prepare the journal entries to record 2009 depreciation for any assets record in requirement.
You are looking into purchasing computer equipment for your at-home business, personal recruiting. Since you are just starting out, you have set an initial budget of 1500.00
Pechstein Corporation issued 2,000 shares of $10 par value common stock upon conversion of 1,000 shares of $50 par value preferred stock.
urban outfitters case study from your mba6014 - financial accounting custom text to complete the following for this
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