Ivory Corporation, a Calendar Year, Accrual Method C Corporation, Has

question 65

Multiple Choice

Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrelated to each other. Craig owns 35% of the stock, and Oscar owns the remaining 65%. During 2019, Ivory paid a salary of $100,000 to each shareholder. On December 31, 2019, Ivory accrued a bonus of $25,000 to each shareholder. Assuming that the bonuses are paid to the shareholders on February 1, 2020, compute Ivory Corporation's 2019 deduction for the above amounts.

• A) $250,000
• B) $225,000
• C) $200,000
• D) $125,000
• E) None of these.

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Definitions:

Microsociological Research

A domain of sociology focused on studying social interactions and behaviors at the individual or small group level.

Symbolic Interaction

Symbolic interaction is a perspective in sociology that focuses on the ways individuals interpret and give meaning to social symbols, interactions, and experiences.

Macrosociological

Refers to the study of large-scale social structures and processes, focusing on how society shapes and is shaped by these structures.

W. I. Thomas

An American sociologist best known for his work in the development of social theory and for the Thomas Theorem, which states that situations defined as real are real in their consequences.