Kipp, a U.S. shareholder under the CFC provisions, owns 40% of a CFC. If the CFC's Subpart F income for the taxable year is $200,000, Kipp is taxed on receipt of a constructive dividend of $80,000
a. True
b. False
Indicate whether the statement is true or false
True
RATIONALE: U.S. shareholders must include their pro rata share of any Subpart F income.
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Josiah, Inc provides the following information for 2017
Net income $350,000 Market price per share of common stock $50 per share Dividends paid $180,000 Common stock outstanding at Jan. 1, 2017 160,000 shares Common stock outstanding at Dec. 31, 2017 250,000 shares The company has no preferred stock outstanding. Calculate the earnings per share for 2017. (Round your answer to two decimal places.) A) $0.83 per share B) $2.19 per share C) $1.71 per share D) $1.40 per share
Young Guns Company, which sells tents, has provided the following information
Sales price per unit $45 Variable cost per unit 11 Fixed costs per month $12,700 What are the required sales in units for Young to break even? (Round your answer up to the nearest whole unit.) A) 227 units B) 1,155 units C) 283 units D) 374 units
In 1886, an engineer named Frederick W. Taylor presented a paper on scientific management at a national meeting of engineers that was titled "The Engineer as ________."
A. a Scientist B. a Manager C. an Economist D. a Specialist