Question
A owned 40 percent of X co.(an S corporation) for 200days during 20X9. A owned 20 percentage pf X co. for the remaining 165 days
A owned 40 percent of X co.(an S corporation) for 200days during 20X9. A owned 20 percentage pf X co. for the remaining 165 days in 20X9. X co is a calendar year taxpayer and in 20X9 it had 365000 of capital gains. A's share of X co's capital gains for 20X9 is
A73000
B12600
C113000
D none of the above
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
4th edition
78025524, 978-0078025525
