In addition it earns 20000 of interest from investments and, Ask an Expert

Management Studies

All of the outstanding stock of a closely held C corporation is owned equally by Evelyn Humo and Steve Bufusno. In 2011, the corporation generates taxable income of $20,000 from its active business activities. In addition, it earns $20,000 of interest from investments and incurs a $40,000 loss from a passive activity.

How much income does the C corporation report for 2011?

a. $10,000 of portfolio income

b. $0

c. $20,000 of portfolio income

d. None of the above

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M998513

Have any Question?

Related Questions in Business Management

True or false while narrowing a list of all possible

True or false: While narrowing a list of all possible supplies (vendors), the hospitality buyer is engaged in the inquiry stageof selecting a purveyor

How can human resources conduct an effective staffing in

How can human resources conduct an effective staffing in the work place?

In c languageread a integer number which has 2 digits after

In C language: Read a integer number which has 2 digits after the decimal point. The number also has at least 6 digits the decimal point. Extract all digits at even positions from before the decimal point. Print them in ...

The definition of statistics given in the notes wasthe use

The definition of statistics given in the notes was: The use of numerical data to find means, standard deviations, and other descriptive measures. The detection and evaluation of repeatable patterns in uncertain informat ...

Can you please direct me on how i should go about

Can you please direct me on how I should go about describing an interview by providing 3 structured behavioral questions? Choose a job that you are interested in. You may relate it to your term project by choosing a movi ...

How do you apply the five components of the information

How do you apply the five components of the information systems to an information systems application like "online bill pay" system offered by many banks.

A different ethanol processing facility costs 800000 to

A different ethanol processing facility costs $800,000 to construct but will instead last forever. Every year (starting the year after construction), it produces 10,000 barrels of ethanol and can charge a price of $4 per ...

What are some benefits of value chain management how do

What are some benefits of value chain management? How do these benefits add value to various stakeholders? How can these benefits be enhanced? Why is global value chain management very important in our current world of r ...

Briefly explain employee motivation and Briefly explain Employee Motivation and

Briefly explain Employee Motivation and Empowerment.

What trends do you see in the following surevy

What trends do you see in the following surevy questions: Mission: 5 Items 1. I understand what contributions I am expected to make to the organization 2. I understand how this team's performance will affect the business ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Management Expert