Robin Corporation Has Ordinary Income from Operations of $30,000, Net

question 124

Multiple Choice

Robin Corporation has ordinary income from operations of $30,000, net long-term capital gain of $10,000, and net short-term capital loss of $15,000.What is the taxable income for 2012?

• A)$25,000.
• B)$27,000.
• C)$28,500.
• D)$30,000.
• E)None of the above.

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Definitions:

Span-of-control

The number of direct reports a manager or supervisor has, influencing the structure and management effectiveness of an organization.

Unity-of-command Principle

A management principle stating that each employee should receive orders from only one superior to avoid confusion and conflict.

Organisation Structures

The hierarchical arrangement of lines of authority, communications, rights, and duties within a company that determines how roles, power, and responsibilities are assigned, controlled, and coordinated.

Decision-making Authority

The power or right delegated to an individual or group to make choices that will affect outcomes within an organization.