Chance Corporation has a $20,000 deficit in earnings and profits as of January 1, 2017 . During 2017, the corporation has current earnings and profits of $40,000 and makes a $70,000 cash distribution to its shareholders. What part of the distribution is taxable as dividend income to Chance's shareholders?
a. $- 0 -
b. $20,000
c. $30,000
d. $40,000
e. $70,000
d
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Which of the following statements is false?
a. The check and remittance advice trigger the receive payment process. b. A bank lockbox provides more protection for cash than a system where cash receipts are mailed to the payee company and then deposited. c. Good funds are funds on deposit and available for use. d. From the standpoint of reducing the collector's float, a customer check is a better payment method than a debit card.
The Advertising Self-Regulatory Council (ASRC) is composed of advertising professionals and prominent civic individuals
Indicate whether the statement is true or false
Which of the following statements is true concerning language in the workplace?
a. Employees are more productive if they all speak the same language. b. The use of more than one language in a workplace is preferred. c. Employees who are bilingual are always paid more. d. Language choice has implications for the way individuals are treated.
How are periodic depreciation and amortization accounted for?