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you are a shareholder in a C corporation. the corporation earns $1.63 per share before taxes. Once it has paid taxes it will distribute the
you are a shareholder in a C corporation. the corporation earns $1.63 per share before taxes. Once it has paid taxes it will distribute the rest of its earnings to you as a divided. The corporate tax rate is 40% and your personal tax rate on (both divided and non-divided) income is 30%. How much is left for you after all taxes are paid
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
