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
WITCHER [35]
3 years ago
8

Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year. Bronze Corporation pa

ys Copper a dividend of $150,000. What amount of dividends received deduction may Copper claim if it owns 65% of Bronze stock (assuming Copper's dividends received deduction is not limited by its taxable income)?
a. $0
b. $105,000
c. $120,000
d. $150,000
e. None of the above
Business
1 answer:
denpristay [2]3 years ago
5 0

Answer:

The correct option is C that is $120,000

Explanation:

The amount of dividends received deductions grounded on the percentage of the ownership through the corporate shareholder. The copper corporation owns 65% of the Bronze corporation. So, the copper qualify for the 80% deduction or amount of $120,000.

In this case, 80% deduction would be:

= $150,000 × 80%

= $120,000

So, the amount of deduction is $120,000.

You might be interested in
It takes 11.553 years for an initial investment to double at an annual force of interest δ. How long will it take for an initial
Triss [41]

Answer:

It will take 18.041 years to triple the investment.

Explanation:

(1+\delta )^{11.553} =2 \\

We need to solve for delta:

\delta = \sqrt[11.5530]{2} -1

delta = 0.06183353

now solve for this rate compounding twice per year to triple the investment:

(1+0.06183353/2 )^{n*2} =3 \\

we use logarithmics properties and solve for n:

[tex]2 \times n= \frac{log3}{log(1+06183353/2)

n = 18.04051743

It will take 18.041 years to triple the investment.

3 0
4 years ago
Janeen is thrilled that you're following along with her. She goes on. "Business was great, and as more people came to know about
BlackZzzverrR [31]

Answer:

Functional Departmentalization

Explanation:

6 0
3 years ago
Hearn Enterprises orally agreed to buy 100 turbines from Midwest Turbine, Inc. at a cost of $1,000 each (for a total contract pr
Assoli18 [71]

Answer: a. There was not an enforceable agreement. However under the UCC, part performance makes that portion of the agreement binding on Hearn. Hearn may not return the 40 turbines, but is not obligated to purchased the remaining 60.

Explanation:

The Statute of Frauds under the Uniform Commercial Code requires that for a contract with a value higher than $500 for goods to be enforceable, it needs to be in writing. This contract is therefore not enforceable.

However, there is an exception to this rule for performance or partial performance. If the parties have already partially completed the contract for instance, the completed portion is enforceable. The remaining portion however, is not, and therefore can be renegaded upon.

8 0
3 years ago
The cost to manufacture one unit of Rinker Audio Products' bestselling hearing aid, the Magnifier, is $87.50. The CFO of the com
padilas [110]

Answer:

d. economies of scale

Explanation:

Based on the information provided within the question it can be said that this concept is known as an economy of scale. Like mentioned in the question this concept states that as a company scales their operation, the cost of each input unit decreases as their output or production increases, Thus granting the company a cost advantage. As is happening in this scenario.

4 0
3 years ago
A customer owns shares of restricted stock and now intends to sell them. if the proper forms are filed with the sec, the custome
lapo4ka [179]

A customer owns shares of restricted stock and now intends to sell them. if the proper forms are filed with the sec, the customer may sell these shares Over a 90-day period.

The stock exchange is a marketplace where securities, commodities, derivatives, and other financial instruments are traded. The central function of an exchange is to ensure fair and orderly trading and the efficient dissemination of price information regarding securities trading on that exchange.

The exchange enables businesses to raise capital and investors to make informed decisions based on real-time pricing information. An exchange can be a physical location or an electronic trading platform. Bitcoin He is like one stock and advisers do not recommend investing the majority of his portfolio in one company. Planners suggest that if you're passionate about Bitcoin, don't invest more than 1% to 10% in it at most.

Learn more about stock here

brainly.com/question/25818989

#SPJ4

6 0
2 years ago
Other questions:
  • The Junior League of Yadkinville, California, collected recipes from members and pub- lished a cookbook entitled Food for Everyo
    14·1 answer
  • Global industries (GI) is planning to use some existing equipment from its own facilities in a foreign project. The used equipme
    10·1 answer
  • Drugs affect your _____.
    14·1 answer
  • Because of the high volume of bicycles as a common form of transportation in beijing and shanghai, charles wants to sell his bic
    6·2 answers
  • A fast-food chain company considering selling its products in a foreign market may need to make some changes in all elements of
    8·1 answer
  • Dobson Contractors is considering buying equipment at a cost of $75,000. The equipment is expected to generate cash flows of $15
    5·1 answer
  • Banks subject to reserve requirements set by the federal reserve system include
    5·1 answer
  • Doreen's Dairy produces and sells Swiss cheese. Last year, it produced 7,000 pounds and sold each pound for $6. In producing the
    12·1 answer
  • Florence Inc. lost an entire plant due to an earthquake on May 1, 2018. In preparing its insurance claim on the inventory loss,
    7·1 answer
  • True or False.<br> Opportunity cost is the highly-valued option you give up when you make a choice.
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!