Comet operates solely within the United States. It owns two subsidiaries conducting business in the United States and several foreign countries. Both subsidiaries are U. S. corporations. This year, the three corporations report the following: Foreign Source Income U. S. Source Income Foreign Income Tax Paid Comet 0 $ 600,000 0 Sub 1 $ 3,500,000 150,000 $ 350,000 Sub 2 4,700,000 410,000 1,175,000 If Comet and its two subsidiaries file a consolidated U. S. tax return, compute consolidated income tax. What is the aggregate tax of the group if the three corporations file separate U. S. tax returns

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum. should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?

What is the cause of smoky exhaust?

What is the relationship between credit and debt?