Business, 24.09.2020 08:01 mez64

Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelated to each other. Craig owns 35% of the stock, and Oscar owns the remaining 65%. During 2017, Ivory paid a salary of $100,000 to each shareholder. On December 31, 2017, Ivory accrued a bonus of $25,000 to each shareholder. Assuming that the bonuses are paid to the shareholders on February 2, 2018, compute Ivory Corporation's 2017 deduction for the above amounts. a. $250,000
b. $225,000
c. $200,000
d. $125,000
e. None of above

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Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year...

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