Question
Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30%
Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021
Gross Revenue $900,000
Dividend Received from 30% owned Corp 200,000
LTCG 30,000
STCL 12000
City of Lees Summit Bond Interest 10000
COGS 375000
Administrative Expenses 325000
Charitable Contribution 60,000
Compute Hansens C Corp Taxable income?
The answer has to be one of theses
a. 246,200
b. 276200
c. 275000
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Financial and Managerial Accounting Information for Decisions
Authors: John Wild, Ken Shaw, Barbara Chiappetta
5th edition
978-1259317552, 1259317552, 978-0078025600, 78025605, 978-1259335013, 1259335011, 978-1259347641
