Description of this paper

Cedar Corporation has an S corporation election in...

Description

Solution


Question

Cedar Corporation has an S corporation election in effect. During the 2010 calendar tax year, the corporation had ordinary taxable income of $200,000, and on January 15, 2010, the corporation paid dividends to shareholders in the amount of $120,000. How much taxable income, in total, must the shareholders of the corporation report on their 2010 tax returns?

 

Paper#9123 | Written in 18-Jul-2015

Price : $25
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