An individual owns 1,000 shares of common stock in a foreign corporation. The corporation declares a dividend on their common of $0.25 per share. Prior to paying the individual the dividend, the corporation withheld 15%. For taxation purposes under U. S. law, what should this individual report?
(A) The individual does not have to report any dividend due to exemptions.
(B) * The individual must report the whole dividend and may file for a foreign tax credit of $37.50.
(C) The individual should report only the amount received after the 15% is withheld, or $212.50.
(D) The individual should report the entire dividend of $250

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest

Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries