Khaki Company Is a Subchapter S Corporation

question 85

Multiple Choice

Khaki Company is a Subchapter S corporation.It properly reported net income of $100,000 for financial statement purposes.It had charitable contributions of $5,000 and dividend income of $10,000 from a large domestic publicly traded company.What is the ordinary business income of Khaki Company that will be reported to its shareholders on Schedule K-1?

• A)$90,000.
• B)$93,000.
• C)$95,000.
• D)$100,000.

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Definitions:

Stonewalling

A communication strategy in which one party refuses to engage or respond, effectively shutting down dialogue.

Contempt

A feeling of disdain or scorn towards someone or something, often considered a mix of anger and disgust, viewed as a negative emotional reaction.

EVLN Model

A framework describing four ways employees respond to dissatisfaction at work: Exit, Voice, Loyalty, and Neglect.

Loneliness

The feeling that one is deprived of human social connections.