Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

The Pilgrim Corporation is organized under the laws of the state of Missouri. Pilgrims main corporate offices are in the city of Joplin. In addition

The Pilgrim Corporation is organized under the laws of the state of Missouri.  Pilgrim’s main corporate offices are in the city of Joplin. In addition to Missouri, Pilgrim also has property, payroll, and sales in Montana, Oklahoma, and Nebraska. Please review the following data table:

Assuming Montana uses the standard UDITPA apportionment formula, the Montana composite apportionment factor (rounded to two decimals) is:

A.14.23%

B. 13.06%

C. 14.10%

D. 33.33%

Step by Step Solution

3.52 Rating (165 Votes )

There are 3 Steps involved in it

Step: 1

Answer C Montanas apportionment factor Property in M... blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students explore these related Accounting questions