Barry and Larry,who Are Brothers,are Equal Owners in Chickadee Corporation

question 27

Multiple Choice

Barry and Larry,who are brothers,are equal owners in Chickadee Corporation.On July 1,2014,each loans the corporation $10,000 at an annual interest rate of 10%.Both shareholders are on the cash method of accounting,while Chickadee Corporation is on the accrual method.All parties use the calendar year for tax purposes.On June 30,2015,Chickadee repays the loans of $20,000 together with the specified interest of $2,000.How much of the interest can Chickadee Corporation deduct in 2014?

• A)$0
• B)$500
• C)$1,000
• D)$2,000
• E)None of these

Identify the benefits and functionalities of social media in public relations efforts for various organizations, including non-profits and educational institutions.

Comprehend the strategic use of public relations in campaign development for educational and local community issues.

Identify the characteristics and objectives of non-profit organizations in leveraging public relations.

Understand the importance of internal and external communications in health care and educational public relations.

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Definitions:

Profit Potential

The capability of a business or investment to generate earnings over a period, indicating its financial viability and attractiveness.

Lifetime Value Analysis

A comparison of the costs of retaining customers and the costs of acquiring new customers, to determine how much money each type of customer requires.

Retaining Customers

Strategies and activities that a business uses to prevent customer defection and to maintain long-lasting relationships with them.

Acquiring New Customers

The process of gaining new consumers or clients for a business's products or services, often involving marketing and sales strategies.