Read the information about Moore Industries. The company's dividends for the year
a. Reduce the amount of capital stock reported by the company.
b. Are part of Moore Industries' operating costs.
c. Are reported on the statement of retained earnings.
d. Are an expense of Moore Industries.
c
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The assignment of a symbol to represent a specific response to a specific question, along with the data record and column position that symbol will occupy, is called ________
A) editing B) coding C) sampling D) pretesting E) selecting
A minor can disaffirm a contract by his actions
Indicate whether the statement is true or false
Rover Corporation is a regular corporation that has not elected S corporation status. In 1994,
Rover earns $100,000; in 1995, Rover distributes $50,000 to its shareholders. Which of the following best describes the tax consequences to Rover and its shareholders? A) Rover is taxed on $100,000 in 1994; the shareholders are not subject to tax B) The shareholders are taxed on $100,000 in 1994; Rover is not subject to tax C) Rover is taxed on $100,000 in 1994; the shareholders are taxed on $50,000 in 1994 D) Rover is taxed on $100,000 in 1994; the shareholders are taxed on $50,000 in 1995 E) Neither Rover nor its shareholders are subject to tax.
AB Inc. received a dividend from CD Corporation and is able to claim a dividends received deduction without limitation. AB owns 10 percent of CD. What is AB's marginal tax rate (to the nearest tenth of a percent) on the dividends received (after taking the DRD into account)?
What will be an ideal response?