1 Flash Co., distributed $40,000 to Skip Inc., a 25 percent shareholder. Flash Co.'s E&P applicable to Skip Inc.'s distribution is $20,000 and Skip Inc., had a basis in its stock of $14,000. A) How much dividend income does Skip Inc. have? B) How much and what kind of taxable income does Skip Inc. have because of the distribution? C) What is Skip Inc.'s basis in its stock immediately after the distribution?2 Bill incorporated his business four years ago and owns 100 percent of its stock.The corporation distributes a piece of land, used as a parking lot for the customers, to Bill.Bill's basis in his stock is $21,000, the land has a basis of $7,000 and a value of $24,000, and E&P is $5,000. a)What are the tax consequences to the corporation?b)To Bill?
https://www.coursehero.com/tutors-problems/Business/10395541 10395541 For your main post: fter reading the assigned works in Chapter 3 of the textbook (The Sacred) and completing the multiple choice and response board questions there, please make your main post. For your main post:Start by copying in your response to your assigned response board question Elaborate on your response there with an additional 200-300 words, explaining your response and supporting it with evidence from the assigned textGroup C should post on the question in Ch. 3 about the important things that one must do in Bhagavad Gita: Ch 18.For your expanded post, focus on one (1) action you discussed in your answer, and explain how it could be applied in our time and culture.This is the question from the reading: List three of the most important things that this chapter (18) says one must do. Instead of quoting the text directly, paraphrase each action that is commanded, and identify the verse(s) the action is presented in. Remember to use your own words!
https://www.coursehero.com/tutors-problems/Business/10395543 10395543 114) Suppose a 10 percent increase in the price of textbooks decreases the quantity demanded by 20 114) percent. The elasticity of demand for... This question was created from Chap 4 mc https://www.coursehero.com/file/9005183/Chap-4-mc/?focusQaId=10395543
https://www.coursehero.com/tutors-problems/Business/10395545 10395545 4. Apply these rates in (3) to models A and B. Calculate the amount of overhead allocated to each unit of models A and B. (8 marks) This question was... This question was created from minor_assig_1_2017 https://www.coursehero.com/file/21166213/minor-assig-1-2017/?focusQaId=10395545 can you help me to answer this
https://www.coursehero.com/tutors-problems/Business/10395547 10395547 Trendy Department Store (TDS) has been ordering jeans and shirts bearing a well-known trademark "The Young" from Chew Sdn., their only supplier since... Trendy Department Store (TDS) has been ordering jeans and shirts bearing a well-known trademark “The Young” from Chew Sdn. Bhd., their only supplier since 2005. TDS ordered more jeans and shirts of the same type as their previous contracts. However, Chew Sdn. Bhd. delivered the jeans and shirts which were of the same quality but bearing the trademark “The Classic”.Advise TDS whether they can repudiate the contract.
https://www.coursehero.com/tutors-problems/Business/10395553 10395553 Shell Company, an 85% owned subsidiary of Plaster Company, sells merchandise to Plaster Company at a markup of 20% of selling price. Shell Company, an 85% owned subsidiary of Plaster Company, sells merchandise to Plaster Company at a markup of 20% of selling price. During 2011 and 2012, intercompany sales amounted to $442,500 and $386,250, respectively. At the end of 2011, Plaster had one-half of the goods that it purchased that year from Shell in its ending inventory. Plaster's 2012 ending inventory contained one-fifth of that year's purchases from Shell. There were no intercompany sales prior to 2011.Plaster had net income in 2011 of $750,000 from its own operations and in 2012 its independent income was $780,000. Shell reported net income of $322,500 and $335,400 for 2011 and 2012, respectively.Required:A. Prepare in general journal form all entries necessary on the consolidated financial statement workpapers to eliminate the effects of the intercompany sales for each of the years 2011 and 2012.B. Calculate the amount of noncontrolling interest to be deducted from consolidated income in the consolidated income statement for 2012.C. Calculate controlling interest in consolidated income for 2012
https://www.coursehero.com/tutors-problems/Business/10395555 10395555 A dietitian needs to purchase food for patients. She can purchase an ounce of chicken for $0.25 and an ounce of potatoes for $0. Q30. A dietitian needs to purchase food for patients. She can purchase an ounce of chicken for $0.25 and an ounce of potatoes for $0.03. Let x = the number of ounces of chicken and y = the number of ounces of potatoes purchased per patient. Write the objective function that describes the total cost per patient per meal. a. z = 3y + 25y b. z = 0.25x + 0.03y c. z = 25x + 3y d. z = 0.03x + 0.25yQ34. Write the partial fraction decomposition of the rational expression (14x + 1)/[(x - 1)(x2 + x + 1)]. a. 5/(x - 1) + (4x - 5)/(x2 + x + 1) b. 5/(x - 1) + (-5x + 4)/(x2 + x + 1) c. 5/(x - 1) + -5/(x + 1) + 4/(x - 1) d. -5/(x - 1) + (5x + 4)/(x2 + x + 1)Q38. Solve the linear programming problem. Minimize z = 11x + 6y + 7 subject to: x = 0, y = 0, x + y = 1. a. minimum: 7 b. minimum: 18 c. minimum: 24 d. minimum: 13Q40. Solve the system of equations using Cramer's Rule if it is applicable.3x+8z=64-6x+2y+7z=-54x-4y=16 a. x = 9, y = 2, z = 5; (9, 2, 5) b. x = 8, y = 4, z = 5; (8, 4, 5) c. x = 4, y = 5, z = 4; (4, 5, 4) d. x = 8, y = -4, z = -5; (8, -4, -5)