Julio and milania are owners of falcons corporation, an s corporation. they each own 50 percent of falcons corporation. in year 1, julio and milania each received distributions of $15,000 from falcons corporation. falcons corporation (an s corporation) income statement december 31, year 1 and year 2 year 1 year 2 sales revenue $ 300,000 $ 430,000 cost of goods sold (40,000 ) (60,000 ) salary to owners julio and milania (40,000 ) (80,000 ) employee wages (25,000 ) (50,000 ) depreciation expense (20,000 ) (40,000 ) section 179 expense (30,000 ) (50,000 ) interest income (related to business) 12,000 22,500 municipal bond income 1,500 4,000 government fines 0 (2,000 ) overall net income $ 158,500 $ 174,500 distributions $ 30,000 $ 50,000 what amount of ordinary income and separately stated items are allocated to them for year 1 based on the information above?

Gerda, a real estate agent, is selling a moderately priced house in a subdivision. she knows from her uncle that the factory being built half a mile from the subdivision will be manufacturing dog food, using a process that creates a very strong odor that permeates the surrounding neighborhood. a buyer, who is unaware of the type of factory under construction, makes an offer on one of the houses gerda is selling, and within a short time, the deal goes through. what does this scenario best illustrate?

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.