in a short essay of st least two paragraphs, first explain what you think the benefits of requiring a balance budget would be. if you don't see any benefit to such a requirement, the explain that instead and fully explain your reasons to support your opinion. in the second paragraph, analyze the effects the national debt has on our economy. your reason must be logical and detailed and must support your opinion. ​

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?