# Facts: BC Business Entity, owned equally by Bernie and Carl, reported the following items during 2018:...

###### Question:

Facts: BC Business Entity, owned equally by Bernie and Carl, reported the following items during 2018: Sales revenue Interest earned on corporate bonds Interest earned on State of Tennessee bonds Dividends from 10% owned domestic corporation Cost of goods sold Operating expenses Long-term capital gain Short-term capital loss Interest on loan used to purchase State of Tennessee Bonds Salary/guaranteed payment, paid to Bernie* Distribution of profits to owner(s)** 400,000 11,000 7,000 20,000 (150,000) (84,000) 8,000 (9,000) (2,000) (25,000) (40,000) *Salary in the case of a C and S corporation, and guaranteed payment in the case of a partnership ** The distribution was paid equally to BC's owner(s) (the $40,000 was distributed$20,000 each to Bemie and Carl). The distribution is a legal dividend in the case of a corporation. BC's liabilities (all recourse) on January 1, 2018 were $80,000. BC's liabilities (all recourse) on December 31, 2018 were$90,000.
##### The salary structure of company must be in the market realties. TUUL 4. Suppose that a...
The salary structure of company must be in the market realties. TUUL 4. Suppose that a French defence manufacturer with several highly sophisticated medium-weight fighter jets is trying to enter an attractive foreign market. The political environment in that country is higály volatile, with t...
##### Ha:μ<85 A sample of 140 is used and the population standard deviation is 10, Compute the...
Ha:μ<85 A sample of 140 is used and the population standard deviation is 10, Compute the p-value and state your conclusion for each of the following sample results. Use a-0.01 Round z value to two decimal places and p-value to four decimal places. If your answer is zero, enter "O". Ent...
##### Extra Credit: There will be no partial credit. Answers must be correct. (10 pts) Show how you would accomplish the...
Extra Credit: There will be no partial credit. Answers must be correct. (10 pts) Show how you would accomplish the following synthetic conversion starting with ethanol as the only source of organic carbon atoms. You may use any necessary inorganic reagent and solvent. Show all reaction steps, reagen...
##### 2) Which of the following makes formation of a solution from two pure chemical substances more...
2) Which of the following makes formation of a solution from two pure chemical substances more likely to occur? a) If randomness increases when a solution forms b) If energy decreases when a solution forms c) If energy increases when a solution forms d) Both a and b e) Both a and c...
##### In analyzing the forces that are acting on a cog in a gear system (using principles...
In analyzing the forces that are acting on a cog in a gear system (using principles of dynamics), you find the following equations by summing the forces in the x and y directions Fx + 3Fy 400 Fx + Fz/8-300 where Fx, Fy, and Fz are the forces in thex y and z direction, respectively in N (Newtons) Usi...
##### Use the information in this table for Q16. Stock Price Call Premium Put Premium Strike Price...
Use the information in this table for Q16. Stock Price Call Premium Put Premium Strike Price W3250 V385 V105 V3000 Q16. An investor undertakes a covered call strategy, executing both the 6 points stock and three month options trades at current market prices shown in the table above. The investor pla...
##### 1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs....
1- Inventory costs include all of these: purchase costs, holding or carrying costs, and ordering costs. T. True F. False 2- The Economic Order Quantity (EOQ) model tells us........ A. how much to order B. which are higher - holding or ordering costs C. how to use price discounts D. when...
##### Label the diagram of the Calvin cycle. Not all labels will be used. Scroll down to...
Label the diagram of the Calvin cycle. Not all labels will be used. Scroll down to see all the labels....
##### How do you differentiate f(x) = 3x^2 - 2 cosx?
How do you differentiate f(x) = 3x^2 - 2 cosx?...
##### An analysis of last year's financial statements produced the following results. 3.6 78.0 days Current ratio...
An analysis of last year's financial statements produced the following results. 3.6 78.0 days Current ratio Quick ratio Average collection period Inventory turnover Fixed asset turnover Operating profit margin Net profit margin Return on assets Return on equity Debt ratio Times-interest-earned P...