U. S. individual owns 100% of an S corporation that owns 100% of a U. K. subsidiary ("UKSub"). UKSub has post-1986 undistributed earnings and profits of $500,000 and post-1986 foreign income taxes of $120,000. UKSub has never paid a dividend. Further assume that U. S. individual is in the 37% tax bracket. What is U. S. individual's U. S. tax liability? What is the U. S. individual's U. S. tax liability if UKSub distributes a $500,000 dividend?

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?