Stacey and eva each own one-half of the stock in parakeet corporation, a calendar year taxpayer. cash distributions from parakeet are: $350,000 to stacey on april 1 and $150,000 to eva on may 1. if parakeet’s current e & p is $60,000, how much is allocated to eva’s distribution? a. $5,000 b. $10,000 c. $18,000 d. $30,000 e. none of the above.

Which of the following accurately describes a surplus? a. consumer demand for a certain car is below the number of cars that are produced. b. the production costs for a certain car are below the sale price of that car. c. a reduction in the cost of steel enables a car company to reduce the sale price of its cars. d. a car company tries to charge too high a price for a car and has to reduce the price. 2b2t

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.