Business, 06.02.2020 01:49 sofyan00404

Rajib is the sole shareholder of cardinal corporation, a calendar year s corporation. in the current year, cardinal generated a net profit of $350,000 ($520,000 gross income - $170,000 operating expenses) and distributed $80,000 to rajib. rajib must report the cardinal corporation profit of $350,000 on his federal income tax return. true or false?

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Rajib is the sole shareholder of cardinal corporation, a calendar year s corporation. in the current...

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