Question

LUI The Dawg corporation owns 12% of Company A and 31% of Company B. Dividends received from Company A were $117,000 and from

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Taxable Income $ 2,000,000
Divided Company A $ 117,000
Divided Company B $ 212,000 $    329,000
$ 2,329,000
Deductions
Divided Company A $   81,900
Divided Company B $ 190,800 $    272,700
Taxable Income $ 2,056,300
Add a comment
Know the answer?
Add Answer to:
LUI The Dawg corporation owns 12% of Company A and 31% of Company B. Dividends received...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT