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Question: On January 1, Cotton Candy Corporation (a calendar year taxpayer) has accumulated E & P of $500,000. Its current E & P is $140,000 (before considering a dividend distribution). At the end of the year, Cotton Candy distributes $840,000 ($420,000 each) to its equal shareholders, Mary and Larry. Mary has a basis in her stock of $105,000, while Larry's basis is $150,000. What is the effect of the distribution by Cotton Candy Corporation to Mary and Larry?
All units are sold on account for $14 each. Show schedule for each month showing budgeted cash disbursements for Clay Company
ratios are used for many purposes performance measurement is one such application. however not all performance measures
The initial investment on a commercial building was $1M excluding the land. The building was occupied in March of the year in which it was purchased.
Based on the above information and assuming that DLH is a useful predictor of VOH, what is DC's variable overhead efficiency variance?
Perform a simple linear regression analysis to predict an employee's annual salary based upon his or her average performance rating for the past 3 years using a 95% level of confidence.
If their discount rate/required rate of return is 7%, what is the net present value of the purchase? What is the payback period
Provide examples of resources that are temporarily restricted as to: (a) purpose; (b) time; and (c) the occurrence of a specific event. Provide an example of permanently restricted resources. not for profit accounting.
A project has an initial cost of $45,000, expected net cash inflows of $9,000 per year for 9 years, and a cost of capital of 12%. What is the project's IRR
Pratt Industries Production cost Budget Actual Direct material used 12,000 kg 10,450 kg manufactures and sells one type of glass bottle.
If your trust can earn 6% returns, how much do you need to put in the trust today?
How do Explain what is diluted EPS for Compaq Ltd. Give one example of a security that can dilute the basic EPS. Calculate the basic EPS amount for 2018.
Vaughn Company has contacted Ivanhoe Inc. with an offer to sell it 4900 wickets for $19.00 each. Should Ivanhoe make or buy the wickets
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