a. On January 1, Yourkie Company acquired 30% of the outstanding stock of Harris Company for $300,000. DATE Debit Credit XIX b. For the year ended December 31, Harris Company earned income of $50,000. DATE Debit Credit XIX c. For the year ended December 31, Harris Company paid dividends of $8,000. DATE Debit Credit XIX
a. On January 1, Yourkie Company acquired 30% of the outstanding stock of Harris Company for $300,000. DATE Debit Credit XIX b. For the year ended December 31, Harris Company earned income of $50,000. DATE Debit Credit XIX c. For the year ended December 31, Harris Company paid dividends of $8,000. DATE Debit Credit XIX
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter15: S Corporations
Section: Chapter Questions
Problem 4BCRQ
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