ACC-317-Homework-Ch-22

Apr 30th, 2015
Studypool Tutor
Strayer University
Course: business and management
Price: $10 USD

Tutor description

29 a.Tobias recognizes $90,000 of ordinary income. The corporation has a $90,000 deduction, whichis passed through to Tobias. His stock basis is reduced to zero, and he has a $10,000loss carryover. b. Tobias recognizes $90,000 of dividend income, with no deduction pass-through, and has an $80,000 remaining stock basis. AEP is reduced to zero.

Word Count: 78
Showing Page: 1/1
Leah PasternakFederal Taxation ACC317Chapter 22: S Corporations Homework Submission25a. Sales$140,0001250 Gain 12,000$152,000 Cost of Goods Sold($42,000)Admin Expenses (15,000)Depreciation Expense (17,000)($74,000)Non-separately computed inc

Review from student

Studypool Student
" Excellent job "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1821 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors