Brush Industries reports the following information for May: Sales$910,000 Fixed cost of goods sold 102,000 Variable cost of goods sold 252,000 Fixed selling and administrative costs 102,000 Variable selling and administrative costs 127,000 Calculate the operating income for May under absorption costing. Multiple Choice $327,000 $531,000 $658,000 $556,000 $354,000

Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. from a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources? c corporation s corporation llc general partnership