subject
Business, 17.12.2019 22:31 ashtin8642

On january 1, year 5, olinto corp., an accrual basis, calendar year c corporation, had $35,000 in accumulated earnings and profits. for year 5, olinto had current earnings and profits of $15,000 and made two $40,000 cash distributions to its shareholders— one in april and one in september of year 5. what amount of the year 5 distributions is classified as dividend income to olinto’s shareholders?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 23:00
James has set the goal of achieving all "a"s during this year of school.which term best describes this goal
Answers: 2
question
Business, 22.06.2019 04:30
The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?
Answers: 3
question
Business, 22.06.2019 12:30
Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer
Answers: 3
question
Business, 22.06.2019 15:00
Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.
Answers: 3
You know the right answer?
On january 1, year 5, olinto corp., an accrual basis, calendar year c corporation, had $35,000 in ac...
Questions
question
Chemistry, 05.07.2019 15:00
question
Mathematics, 05.07.2019 15:00
question
Mathematics, 05.07.2019 15:00
question
English, 05.07.2019 15:00
question
Social Studies, 05.07.2019 15:00
Questions on the website: 13722359