Bjorn Owns a 60% Interest in an S Corporation That

question 35

Multiple Choice

Bjorn owns a 60% interest in an S corporation that earned $150,000 in the current year.He also owns 60% of the stock in a C corporation that earned $150,000 during the year.The S corporation distributed $30,000 to Bjorn and the C corporation paid dividends of $30,000 to Bjorn.How much income must Bjorn report from these businesses?

• A)$0 income from the S corporation and $30,000 income from the C corporation.
• B)$30,000 income from the S corporation and $30,000 of dividend income from the C corporation.
• C)$90,000 income from the S corporation and $0 income from the C corporation.
• D)$90,000 income from the S corporation and $30,000 income from the C corporation.
• E)None of the above.

Recognize the role of aptitude tests in predicting future performance.

Understand the importance of achievement tests in assessing mastered knowledge.

Grasp the principles of test reliability and validity in psychological testing.

Comprehend the impact of external factors on test performance and standardization.

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Definitions:

GLOBE Model

A research paradigm that examines the relationship between culture and societal, organizational, and leadership effectiveness across the world.

Performance Improvement

The process or activities aimed at enhancing an individual's or organization's ability to achieve results or meet goals more effectively.

Performance Orientation

A focus on achieving specific results or meeting benchmarks in tasks or duties.

GLOBE Model

A research framework that describes, understands, and predicts the impact of cultural variables on leadership and organizational processes across different nations.