Bjorn Owns a 35% Interest in an S Corporation That

question 30

Multiple Choice

Bjorn owns a 35% interest in an S corporation that earned $200,000 in 2010.He also owns 10% of the stock in a C corporation that earned $200,000 during the year.The S corporation distributed $10,000 to Bjorn and the C corporation paid dividends of $10,000 to Bjorn.How much income must Bjorn report from these businesses?

• A)$0 income from the S corporation and $0 income from the C corporation.
• B)$10,000 income from the S corporation and $10,000 income from the C corporation.
• C)$70,000 income from the S corporation and $0 income from the C corporation.
• D)$70,000 income from the S corporation and $10,000 of dividend income from the C corporation.
• E)None of the above.

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Definitions:

Basic Emotions

Fundamental emotions that are universally recognized and experienced by humans, such as happiness, sadness, fear, disgust, anger, and surprise.

Hand Gestures

Movements of the hands and arms used to communicate ideas or emotions non-verbally.

Physiological Arousal

The body's response to stimuli, involving increased physical activity and alertness, often accompanied by the release of adrenaline.

Nonverbal Cues

Forms of communication without words, including gestures, body language, facial expressions, and posture, that convey messages or emotions.