ow much taxable income, in total, must the shareholders of the corporation report on their 2016 tax returns?

the role of finance in Health Care Systems, Inc., the primary users of the financial information, any associated legal or regulatory issues, and a brief statement on the legal form of Health Care Systems, Inc
January 3, 2018
When is the 2016 tax return due?
January 3, 2018

ow much taxable income, in total, must the shareholders of the corporation report on their 2016 tax returns?

Cedar Corporation has an S corporation election in effect. During the 2016 calendar tax year, the corporation had ordinary taxable income of $200,000, and on January 15, 2016, the corporation paid dividends to shareholders in the amount of $120,000. How much taxable income, in total, must the shareholders of the corporation report on their 2016 tax returns? $ ________________ View Solution:
Cedar Corporation has an S corporation election in effect During

 

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