During the Current Year, Metcalf Corporation Has the Following Items $$\begin{array} { l r } \text { Sales } & \$ 450,000 \\\text { Cost of goods sold } & 320,000 \\\text { Dividends received } & 20,000\end{array}$$

question 45

Multiple Choice

During the current year, Metcalf Corporation has the following items of income and expense:
?
$$\begin{array} { l r } \text { Sales } & \$ 450,000 \\\text { Cost of goods sold } & 320,000 \\\text { Dividends received } & 20,000\end{array}$$
Metcalf owns 37% of the corporation that distributed the dividend to Metcalf. Determine the amount reported as income before special deductions for the current year.

• A)$130,000
• B)$134,000
• C)$150,000
• D)$454,000
• E)$470,000

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Definitions:

Retribution

A concept in criminal justice whereby punishment is exacted on an offender as a form of justified vengeance for their actions.

Deterrence Theory

A concept in criminology that argues the certainty, severity, and swiftness of punishment can deter individuals from committing crimes.

Pre-Twentieth Century

Referring to the period in history before the year 1900.

Deterrence

The use of punishment or the threat of punishment to discourage individuals from engaging in criminal or undesirable behavior.