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Nana76 [90]
3 years ago
12

Boulder Company reports current E&P of $500,000 this year and accumulated negative E&P at the beginning of the year of $

200,000. Boulder distributed $400,000 to its sole shareholder on December 31 of this year. How much of the distribution is treated as a dividend this year?
Business
1 answer:
mrs_skeptik [129]3 years ago
4 0

Answer:

$400,000

Explanation:

Distribution for a particular year will be first drawn for the earning and profits for that year. Distributions will be treated as dividends if the earnings and profits in the current year are positive, regardless of whether the accumulated balance is negative.

Boulder had positive earnings and profits of $500,000.  It has distributions of $400,000, which will be drawn from the earning from the current earnings.  This distribution will be dividends because they can be satisfied with the current earnings.

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Leveraged buyout/////////////////
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3 years ago
Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and
mihalych1998 [28]

The amounts and types of education tax credits that Ariana and John can take without modified AGI limitation are as follows:

              Amount of Education Tax     Type of Education Tax Credits

For Kai      $1,000 ($2,500 x 40%)        The American Opportunity Credit

For Angel $1,560 ($7,800 x 20%)        The Lifetime Learning Credit

Total tax credit = $2,560 ($1,000 + $1,560)

<h3>What are the American Opportunity Credit and the Lifetime Learning Credit?</h3>

Whereas the American Opportunity Credit (Kia's) covers only the first 4 years of post-secondary education at 40% of $2,500 per student because Kia is a half-time student, the Lifetime Learning Credit applies to graduate schooling (Angel's) and covers 20% of the first $10,000 paid for tuition.

We must note that no taxpayer can claim both the American Opportunity Credit and the Lifetime Learning Credit for the same student in the same tax year.

Thus, the total education tax credit that Ariana and John can claim for both Kai and Angel is $2,560.

Learn more about education tax credits at brainly.com/question/8166956

6 0
2 years ago
In two to three sentences, explain the differences between an operating system and an operating environment.
Leno4ka [110]

Answer:

see below

Explanation:

An operating system or simply OS is a program that manages a computer's hardware and software resources.  Operating system tasks include controlling and allocating memory, controlling input and output devices, facilitating networking, and prioritizing system requests.  Macintosh, Windows, or Linux are the most common operating systems that computers run on.

The operating environment is the environment in which a user runs application software. It consists of a user interface and an application programming interface. An operating environment is a middleware that rests between the Operating system and applications.

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3 years ago
India is fast becoming a global center for which of the following? select one:
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It is becoming a global center for it, computer programming, and software.
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Direct-mail questionnaires should be kept to a maximum of how many pages? Question options: One Two Three Four
ipn [44]

Answer:

One

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This is because of the need to have a quick grasp and interest of the audience.

6 0
3 years ago
Read 2 more answers
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