Bidden inc. a calendar year s corporation incurred the, Ask an Expert

Accounting

Bidden, Inc., a calendar year S corporation, incurred the following items.

Sales $130,000
Depreciation recapture income 12,000
Dividend income 10,000
Short-term capital gain 30,000
Cost of goods sold (42,000)
Municipal bond interest income 7,000
Salaries expenses (15,000)
Depreciation expense (17,000)
Charitable contributions (14,000)

find out Bidden's ordinary (non separately stated) income.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M985706

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