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What is the amount of gross income to bartley corporation

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Reference no: EM132944396

The following information for 2019 pertains to Bartley Corporation:

Capital contributions by shareholders $50,000

Realized loss on sale of treasury stock (10,500)

Income from rental property in a sinking fund (in the hands of a trustee) 5,500

Rent paid directly to a bond holder on a lease of corporate property 8,000

Problem 1: What is the amount of gross income to Bartley Corporation for 2019?

a. $53,000
b. $47,500
c. $13,500
d. $8,000

Reference no: EM132944396

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