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ycow [4]
3 years ago
7

Kee Holding Corp. has eighty unrelated equal stock-holders. For the year ended December 31, 2019, Kee's income comprised the fol

lowing: Net rental income $ 1,000 Commissions earned on sales of franchises 3,000 Dividends from taxable domestic corporations 90,000 Deductible expenses for 2019 totaled $10,000. Kee paid no dividends for the past three years. Kee's liability for personal holding company tax for 2019 will be based on undistributed personal holding company income of___________.
Business
1 answer:
Andre45 [30]3 years ago
7 0

Answer:

$84,000

Explanation:

Based on the Data provided, the Total Income for Kee Holding Corporation is $94,000 whereas the Total Expenses are $10,000. This expense for $10,000 will be deducted for calculating tax on undistributed personal holding company income because it is a Deductible Expense and Deductible Expenses are allowed to be deducted when calculating Tax liability.  

Rental Income $ 1,000.00  

Commissions  $ 3,000.00  

Dividends  $ 90,000.00  

Total Income  $ 94,000.00  

Deductible Expenses $ 10,000.00  

   

Net Income  $ 84,000.00

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Based on the specificity and reversibility principle, training during the off-season should?
likoan [24]

Answer:

Off-season training should be focused on building general strength and conditioning in activities that are similar to the sport an athlete. According to the principle of specificity and reversibility, specificity states that the change in physical nature of the body is in line with the training type performed. Reversibility explains how an athlete can lose the effects gained from training from he stops training. Thus to stay fit, off-season training must concentrate on exercises that keeps the body in shape for the same type of sports.

Explanation:

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3 years ago
The Fruitiest Candy Company finds that from time to time it needs short-term funds to cover its operating expenses. It wants to
e-lub [12.9K]

Answer:

The answer is: E) set up a line of credit with a bank that offers a revolving credit agreement.

Explanation:

A revolving credit is a credit line where the bank charges a business a commitment fee and allows the business to borrow money and use it only when they need the funds. This type of credit line lets the business decide when to use the money according to their cash flow needs.

7 0
2 years ago
According to dr. w. edwards deming's quality movement, quality efforts need to be _____ and _____ improved.
natka813 [3]

According to dr. w. Edwards Deming's quality movement and quality efforts need to be constantly and consistently improved.

Deming is widely recognized as one of, if not the founders of total quality management. Deming is largely credited with the revolution in Japanese manufacturing management that led to the economic boom of the 1970s and 1980s.

In the 1930s, Deming was intrigued by the idea of ​​using statistics to improve quality control. His focus was on improving production and eliminating future failures by systematically collecting failure records and investigating and correcting root causes.

Deming's philosophy known as Dr. Deming's "Management Theory" and later "systems of profound knowledge" represent a holistic approach to leadership and management. philosophy brings together an understanding of variation, epistemology, psychology, and appreciation of the system.

Learn more about  Deming here brainly.com/question/26326939

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5 0
2 years ago
Which of the following is a benefit of planning? a.It helps managers understand the relationships among employees. b.It helps ma
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Answer: Option C

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It is focused on allocating the resources to different departments and sections as per the needs, so that the objectives of the organisation could be achieved.

Thus, from the above we can conclude that the correct option is C.

5 0
2 years ago
Durango, Inc. purchased a parcel of land for $450,000. It paid attorney fees of $3,000 to verify title to the land. In addition,
Crank

Answer:

D. $460,500

Explanation:

Given that

Cost of parcel of land = 450000

Legal fees = 3000

Broker's fees = 7500

Therefore,

Amount recorded as cost of parcel of land is

Cost of parcel of land + legal fees + brokers fee

= 450000 + 3000 + 7500

= $460,500

When purchasing land, fees like commissions, legal fees, bank fees, title fees and other expenses added before the land can be used are considered as part of the land's cost. Hence the answer.

8 0
2 years ago
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