ABC Corporation was organized on Jan 1, 2020. The firm was authorized to issue 100,000 shares of $1 par common stock. During 2020, ABC Corporation has the following transactions relating to shareholder’s equity:a. Issued 10,000 shares of common stock at $3 per share. b. The board of directors declared dividends of $30,000c. Paid dividends to common shareholders of $30,000. d. Purchased 500 shares of treasury stock at $12 per share

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625

Just like a lot of other americans, john wayne died of cancer. but is there more to this story? in 1955, wayne was in utah shooting a film. across the state line, in nevada, the united states military was testing atomic bombs. radioactive fallout from those tests drifted across the filming location. a total of 46 of the 220 people working on the film eventually died of cancer. cancer experts estimate that one would expect only about 30 cancer deaths in a group this size. is the death rate among the movie crew unusually high? does this prove that exposure to radiation increases the risk of cancer?