1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nirvana33 [79]
3 years ago
14

Barton, Inc. is a corporation with ordinary net business income of $130,000, dividends of $2,000, a long-term capital gain of $5

,000 and a short-term capital loss of $10,000. What is Barton's taxable income based on these figures?
Business
1 answer:
Levart [38]3 years ago
5 0
Business net income $130,000
Dividends $2,000
Long-term capital gain $5,000
Short-term capital loss $10,000
$130,000 + $2,000 + $5,000 = $137,000
$137,000 - $10,000 = $127,000

Based on my these figures, Barton’s taxable income is $127,000.
You might be interested in
The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest
vlada-n [284]

Answer:

value

Explanation:

Opportunity cost or implicit is the value of the option forgone when one alternative is chosen over other alternatives.

For example, if I leave by job where i earn $100,000 per year to study economics in college. My opportunity cost is $100,000. This is the amount i would have been earning if i didn't go to college

5 0
3 years ago
A private, not-for-profit hospital received a donation of medicine from the XYZ Pharmaceutical Company on March 15, 20X9. The co
jeka57 [31]

Answer:

$90,000

Explanation:

5 0
3 years ago
Shares of common stock of the Samson Co. offer an expected total return of 13.0 percent. The dividend is increasing at a constan
krok68 [10]

Answer:

b. 7.60 percent.

Explanation:

Dividend yield = expected return - dividend growth rate

  • expected return = 13%
  • dividend growth rate = 5.4%

dividend yield = 13% - 5.4% = 7.6%

Dividend yield is a financial metric that measures the rate of return that a stockholder receives every time a dividend is distributed. You can also calculate it by dividing dividends received by stock price.

4 0
3 years ago
Jonathan (an individual) owns 100% of the stock of Husky, Inc. (a C corporation) and 100% of the stock of Calhoun, Inc. (another
BaLLatris [955]

Answer: A. As Expenses

B. No treatment.

Explanation:

A. The $100,000 was not structured and a loan so it will be accounted for as EXPENSES. This means that it will be deducted from the Income for the year from Calhoun's books.

B. A C Corporation is by definition taxed SEPARATELY from it's owners in the United States of America. Seeing as both Corporations were C Corporations, Jonathan as the owner of both companies need not worry about how he should treat the $100,000 payment as he will not ne taxed on it.

8 0
3 years ago
At the start of the current year, SBC Corp. purchased 25% of Sky Tech Inc. for $47 million. At the time of purchase, the carryin
cricket20 [7]

Answer:

$3

Explanation:

SBC Corp

($million)

FV in excess of book value $12

×

Share of ownership 25%

Additional depreciation in total $3

Therefore the total amount of additional depreciation to be recognized by SBC over the remaining life of the assets is: $3

5 0
3 years ago
Other questions:
  • When a bank's loans are written off then the bank's?
    8·1 answer
  • A firm has zero debt in its capital structure. Its unlevered cost of capital is 9%. The firm is considering a new capital struct
    10·1 answer
  • Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
    7·2 answers
  • The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a
    8·1 answer
  • Most new workers in the labor force are men true or false?
    5·1 answer
  • What is pure risk?<br> HELLPPP PLEASE
    13·2 answers
  • Frazer Corp sells several products. Information of average revenue and costs is as follows: Selling price per unit $28.50 Variab
    10·1 answer
  • A popular hotel has continued to lose business in its room service food sales over the last five years. Using the Six Sigma DMAI
    7·1 answer
  • As a recently hired financial analyst, you have been asked to analyze the efficiency with which Caterpillar has been managing it
    5·1 answer
  • The opportunity cost of buying a ticket to a major league baseball game and then going to the game is:________
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!