Bjorn Owns a 60% Interest in an S Corporation That

question 72

Multiple Choice

Bjorn owns a 60% interest in an S corporation that earned $150,000 in 2016. He also owns 60% of the stock in a C corporation that earned $150,000 during the year. The S corporation distributed $30,000 to Bjorn and the C corporation paid dividends of $30,000 to Bjorn. How much income must Bjorn report from these businesses?

• A)$0 income from the S corporation and $30,000 income from the C corporation.
• B)$30,000 income from the S corporation and $30,000 of dividend income from the C corporation.
• C)$90,000 income from the S corporation and $0 income from the C corporation.
• D)$90,000 income from the S corporation and $30,000 income from the C corporation.
• E)None of the above.

Learn about malware and its effects on computer systems.

Recognize financial crimes and embezzlement within corporations.

Know the rights of individuals upon arrest and during legal proceedings.

Understand the basic principles that determine the enforceability of contracts.

---

Definitions:

Disadvantages

The negative aspects, drawbacks, or cons of a situation, choice, or proposition.

Countering

Countering is a cognitive-behavioral technique used to challenge and replace negative thoughts or beliefs with more positive alternatives.

Nutrition Counselors

Professionals specialized in providing advice and support on diet and nutrition to help individuals achieve their health and wellness goals.

Education Approaches

Various methods and strategies used in teaching and learning, each with different focuses such as student-centered learning, project-based learning, or direct instruction.