Lan corp., an accrual-basis calendar year repair-service corporation, began business on monday, january 3, year 4. lan’s valid s corporation election took effect retroactively on january 3, year 4.assume the following facts: lan’s year 4 books recorded the following items: gross receipts $7,260interest income on investments 50charitable contributions 1,000supplies 1,120as of january 3, year 4, taylor and barr each owned 100 shares of the 200 issued shares of lan stock. on january 31, year 4, taylor and barr each sold 20 shares to pike. no election was made to terminate the tax year. lan had net business income of $14,520 for the year ended december 31, year 4, and made no distributions to its shareholders. lan’s year 4 calendar year had 363 days. required: 1. what amount of net business income should have been reported on pike’s year 4 schedule k-1 from lan? (year 4 is a 363-day tax year.) round the answer to the nearest hundred.

2standard deviation a particular telephone number is used to receive both voice calls and fax messages. suppose that 25% of the incoming calls involve fax messages, and consider a sample of 25 incoming calls. (a) what is the expected number of calls among the 25 that involve a fax message?

When electra produced its bikes in taiwan did the company have to follow the laws of taiwan or the laws of the us

On january 1, 2018, wetick optometrists leased diagnostic equipment from southern corp. which had purchased the equipment at a cost of $2,256,342. the lease agreement specifies six annual payments of $490,000 beginning january 1, 2018, the beginning of the lease, and at each december 31 thereafter through 2022. the six-year lease term ending december 31, 2023 (a year after the final payment), is equal to the estimated useful life of the equipment. the contract specifies that lease payments for each year will increase on the basis of the increase in the consumer price index for the year just ended. thus, the first payment will be $490,000, and the second and subsequent payments might be different. the cpi at the beginning of the lease is 120. southern routinely acquires diagnostic equipment for lease to other firms. the interest rate in these financing arrangements is 12%. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) prepare the appropriate journal entries for wetick and southern to record the lease at its beginning.