How much of the Subsidiary 2018 loss can be utilized against consolidated net income in 2019?
P and S comprise an affiliated group that filed consolidated returns in 2018, 2019 and 2020. They report the following for 2018, 2019 and 2020.
A) $240
B) $400
C) $300
D) $80
D) $80
2019 Subsidiary Income 100 * 80% = 80
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Blogs are most similar to A) tweets
B) text messages. C) journal entries. D) instant messages.
Orin is a shareholder of Pinkwater Corporation. In some states, Orin might incur personal liability for Pinkwater obligations if he
a. accepts a dividend knowing that it was paid from retained earnings. b. buys stock for less than its fair-market value. c. fails to fulfill his fiduciary duty to the majority shareholders. d. sells his shares.
A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The sales expected if the company produces and sells 16,000 units is:
A. $24,000. B. $40,000. C. $48,000. D. $64,000. E. $18,000.