Kinney, inc., an electing s corporation, holds $5,000 of aep and $9,000 in aaa at the beginning of the calendar tax year. kinney has two shareholders, eric and maria, each of whom owns 500 shares of kinney's stock. kinney's taxable income is $6,000 for the year. kinney distributes $6,000 to each shareholder on february 1, and it distributes another $3,000 to each shareholder on september 1. how is eric taxed on the distribution? (a) $500 dividend income.(b) $1,000 dividend income.(c) $1,500 dividend income.(d) $3,000 dividend income.(e) none of the above.

Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respectively. income reported on the income statement for the year was $180,000. exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

1) u. s. real gdp is substantially higher today than it was 60 years ago. what does this tell us, and what does it not tell us, about the well-being of u. s. residents? what are the limitations of the gdp as a measure of economic well-being? given the limitations, why is gdp usually regarded as the best single measure of a society’s economic well-being? 2) what is an intermediate good? how does an intermediate good differ from a final good? explain why it is the case that the value of intermediate goods produced and sold during the year is not included directly as part of gdp, but the value of intermediate goods produced and not sold is included directly as part of gdp.

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow