Journal entry for
rent expense(rentvwas paid quarterly in advance nu. 6000 per quarter, payment were due on feburary 1 may 1, august 1 and november 1)

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?