Answer:
C) $120,000
Explanation:
Since Copper corporation owns 65% of Bronze Corporation, its dividends received deduction (DRD) is 80% of the dividends received.
- stake at another corporation is less than 20%, DRD = 70%
- stake at another corporation is between 20% to 80%, DRD = 80% (Copper's case)
- stake at another corporation is higher than 80%, DRD = 100%
Therefore, if Copper received $150,000 in dividends from Bronze, it can deduct 80% of that amount = 80% x $150,000 = $120,000
<h3>Question:</h3>
•explain six Differences between private and public company.
Answer:
•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.
Explanation:
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Answer:
D
Explanation:
The cost of goods sold would increase by $2
<span>it is true that under the specific charge-off method, a deduction for a bad debt is taken when the debt is determined to be worthless. </span>
