Wasatch corp. (wc) received a $200,000 dividend from tager corporation (tc). wc owns 15 percent of the tc stock. compute wc’s deductible drd in each of the following situations: problem 13-72 part a a. wc’s taxable income (loss) without the dividend income or the drd is $10,000.b. wc’s taxable income (loss) without the dividend income or the drd is ($10,000).
c. wc’s taxable income (loss) without the dividend income or the drd is ($99,000).
d. wc’s taxable income (loss) without the dividend income or the drd is ($101,000).
e. wc’s taxable income (loss) without the dividend income or the drd is $(500,000).

Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.

Motonous corporation has completed its fiscal year and reported the following information. the company had current assets of $153,413, net fixed assets of $ 412,331, and other assets of $7,822. the firm also has current liabilities worth $65,314, long-term debt of $178,334, and common stock of $162,000. how much retained earnings does the firm have?