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kodGreya [7K]
3 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]3 years ago
3 0
Distribution is treated as a deductable to the shareholders of 1:10 to each dollar amount.
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When you are in a conflict that you are not passionate about, it is seen as gracious to sometimes ______.
Aleks [24]

When I am in a conflict that I am not passionate about, it is seen as gracious to sometimes nothing because it did not hurt me in any way because first and foremost, it is not my concern to start of. Conflicts maybe hard but as long as I am not affected, it does not matter.

8 0
3 years ago
Read 2 more answers
Marian Company reported the following items for the month of​ July: Sales revenue $ 473 comma 300 Cost of goods sold $ 300 comma
NARA [144]

Answer:

4.33.

Explanation:

Inventory turnover is a ratio that tells us the number of times a company sells and replaces its inventory. It is calculated by taking Cost of Goods Sold for a period and dividing it by Average Inventory [(Opening + Ending) / 2].

⇒ 300,000 / [(64,400 + 74,200) / 2] = 300,000 / 69,300 = 4.33.

It means that Marian Company sold its inventory 4.33 times during the Year.

3 0
3 years ago
A company assigns overhead using a plantwide rate. If total estimated manufacturing overhead is $900,000 and the total estimated
ozzi

Answer:

Overhead  application rate

= <u>Budgeted overhead</u>

  Budgeted machine hours

= <u>$900,000</u>

  30,000 hours

= $30 per machine hour

Overhead cost assigned to the product

= Overhead application rate x Actual machine hours  

= $30 x 12,000 hours

= $360,000                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

Explanation:

In this case, there is need to determine the overhead application rate, which is the ratio of budgeted overhead to budgeted machine hours.

Then, we will obtain the overhead cost assigned to the product by multiplying the overhead application rate by actual machine hours.

3 0
3 years ago
Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the ba
Ne4ueva [31]

Answer:

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Explanation:

The maximum interest rate which the bank needs to offer the loan is computed as:

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where

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So, the maximum interest rate is 3% which is needed to offer by banks

3 0
3 years ago
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allochka39001 [22]
<span>This behavior trend where a consumer spends money on homes to make it pleasurable environment is called as cocooning. Cocooning means staying in a protective and comfortable way or place. It even means hiding yourself from real world which may not always be a ideal place.</span>
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3 years ago
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