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kodGreya [7K]
4 years ago
13

Husker corporation reports current e&p of negative $200,000 in 20x3 and accumulated e&p at the beginning of the year of

$300,000. husker distributed $200,000 to its sole shareholder on december 31, 20x3. the shareholder's tax basis in her stock in husker is $50,000. how is the distribution treated by the shareholder in 20x3?
Business
1 answer:
Ksivusya [100]4 years ago
3 0
Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.
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Aircraft Products, a manufacturer of aircraft landing gear, makes 1,000 units each year of a special valve used in assembling on
Sedaia [141]

Answer:

b. Increase by $17,000

Explanation:

For computing the change in the operating income, first we have to determine the cost by make and buy options

Make options:

= Variable cost + fixed cost

= $70 + $60

= $130

Buy options:

= Outside supplier cost + fixed cost × remaining percentage

= $77 + $60 × 60%

= $77 + $36

= $113

So, the difference of cost would be

= $130 - $113

= $17

And, the operating income would be

= Number of units make in each year × cost difference

= 1,000 units × $17

= $17,000

4 0
3 years ago
Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
Olegator [25]

Answer:

The correct answer is: No, it is not legal.

Explanation:

The Fair Debt Collection Practices Act (FDCPA) is a federal law that prohibits debt collectors from using abusive, unreasonable, or misleading money-recovery methods. That is meant to protect debtors from harassment or intimidation.  

<em>Collectors cannot present themselves as law enforcement or government officials, they cannot call people at work or multiple times at home or during out hours, they cannot pass off papers as legal documents when they are not, they cannot arrest you, or lie in any way.</em>

Thus, <em>Sekelow has violated the FDCPA by sending debtors postcards requesting contact from their end.</em>

5 0
3 years ago
What does a speech-language pathologist do??
Nezavi [6.7K]
<span>Speech-language pathologists must be able to listen to and communicate with their patient in order to determine the right course of treatment.
             
                                                    Answer: </span>
<span> A Speech-language pathologists must be able to listen to and communicate with their patient in order to determine the right course of treatment.</span>
7 0
3 years ago
A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of th
Oksana_A [137]
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8 0
3 years ago
Classify each of the following items as either :
grigory [225]

Answer:

A. Current liability

1. 60-day promissory note.

2. Salaries payable.

3. FICA taxes payable.

4. Income taxes payable.

5. Accounts payable.

B. Long-term liability

1. Note payable due in full in two years.

C. Not a liability

1. Payment of a 4-year term loan due this year.

2. Payment of a 30-year term loan due this year.

Explanation:

Current liability refers to a short-term liability that is that is due for a payment within a year.

Long-term liability refers to a liability that is that is due for a payment more than one year in the future.

Not a liability - This implies that a liability is no longer a liability the moment a payment is made for it or the moment it is paid.

Based on the above, we therefore have:

A. Current liability

1. 60-day promissory note.

2. Salaries payable.

3. FICA taxes payable.

4. Income taxes payable.

5. Accounts payable.

B. Long-term liability

1. Note payable due in full in two years.

C. Not a liability

1. Payment of a 4-year term loan due this year.

2. Payment of a 30-year term loan due this year.

6 0
3 years ago
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