subject
Business, 21.01.2021 22:10 gabbyk22

Marathon Inc. (a C corporation) reported $1,000,000 of taxable income in the current year. During the year, it distributed $100,000 as dividends to its shareholders as follows: - $5,000 to Guy, a 5 percent individual shareholder. - $15,000 to Little Rock Corp., a 15 percent shareholder (C corporation). - $80,000 to other shareholders. a) How much of the dividend payment did Marathon deduct in determining its taxable income

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 15:30
Marvin wrote a check of $58.25 for the water bill and $450 for rent. he also made a deposit of $124.16. how much is his new balance after writing the checks and making the deposit?
Answers: 3
question
Business, 21.06.2019 19:10
Goals that are overly ambitious can discourage employees and decrease motivation, yet the idea of stretch goals is proposed as a way to get people fired up and motivated. as a manager, how might you decide where to draw the line between a “good” stretch goal and a “bad” one that is unrealistic?
Answers: 1
question
Business, 21.06.2019 20:20
Avx home entertainment, inc., recently began a “no-hassles” return policy. a sample of 500 customers who recently returned items showed 400 thought the policy was fair, 32 thought it took too long to complete the transaction, and the rest had no opinion. on the basis of this information, make an inference about customer reaction to the new policy. (round your answers to 1 decimal place.)
Answers: 3
question
Business, 22.06.2019 20:30
Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment.b. use cash to repurchase some of the company's own stock.c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year.d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash.e. use cash to increase inventory holdings.
Answers: 3
You know the right answer?
Marathon Inc. (a C corporation) reported $1,000,000 of taxable income in the current year. During th...
Questions
question
English, 04.12.2019 15:31
question
History, 04.12.2019 15:31
Questions on the website: 13722367