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Future, Inc.'s results for financial reporting purposes for the year were Net income per books Federal income taxes Life insurance proceeds on key employee Tax-exempt
Future, Inc.'s results for financial reporting purposes for the year were Net income per books Federal income taxes Life insurance proceeds on key employee Tax-exempt interest incomo Net capitaloss Future's taxable income for the year war O a $123,170 b. $143.170 O c. $72,000 d. $135,000 $110.000 38,170 15,000 13.000 25,000 QUESTION 4 Centor Corporation's unappropriated retained earnings on January 1, 2020, were 5678,000. For 2020 its net income per books was $120,000. It paid cash dividends of $93,000 in 2020. Centor Corporation's unappropriated retained carnings on December 31, 2020, were: Oa: 5705,000 b. $798.000 O $603,000 d. $510,000
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