During the 2021, Goose Corporation (a calendar year, cash basis taxpayer) receives cash dividends as follows. Source of Dividends Ownership Percentage Dividends Emu Corporation 90% $90,000 Robin Corporation 21% 60,000 Crane Corporation 10% 30,000 If the taxable income limitation does not apply, Goose Corporation's dividends received deduction for 2021 is: a.$159,000. b.$126,000. c.$144,000. d.$135,000.

Anderson, a computer engineer, and spouse, who is unemployed, provide more than half of the support for their child, age 23, who is a full-time student and who earns $7,000. they also provide more than half of the support for their older child, age 33, who earns $2,000 during the year. how many dependents may the andersons claim on their joint tax return?

On december 31, 2011, daggett company issued $750,000 of ten-year, 9% bonds payable for $700,353, yielding an effective interest rate of 10%. interest is payable semiannually on june 30 and december 31. prepare journal entries to reflect (a) the issuance of the bonds, (b) the semiannual interest payment and discount amortization (effective interest method) on june 30, 2012, and (c) the semiannual interest payment and discount amortization on december 31, 2012. round amounts to the nearest dollar.

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