ACC 455 Week 3 Complete Work - A Graded

ACC 455 Week 3 Complete Work ( Assignment And Dqs) - A Graded 
ACC 455 Week 3 Knoxville Musical Sales Inc. Tax Return Preparation
 
ACC 455 Week 3 Learning Team Problem Set
 
Week 3 DQ
 
DQ 1
Post a 200-300-word response to the following discussion question by clicking on Reply.
 
How does a corporation compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxable income purposes but denied for E&P?
 
DQ 2
 
Post a 200-300-word response to the following discussion question by clicking on Reply.
 
The corporation owns a building with a $160,000 adjusted basis and $120,000 fair market value. The company has earnings and profits of $200,000. Is it more advantageous for the company to sell the property and distribute the sales proceeds to its shareholders or distribute the property to its shareholders and let them sell the property? Why? If you were a shareholder, what would be most advantageous to you?
 
DQ 3
 
Post a 200-300-word response to the following discussion question by clicking on Reply.
 
What is a stock redemption? What are some reasons for redeeming stock? Why are some redemption treated as sales and others as dividends?
 
Week 3 DQ

DQ 1 
Post a 200-300-word response to the following discussion question by clicking on Reply.

How does a corporation compute earnings and profits (E&P)? What income is deferred to a later year when computing taxable income but is included in E&P in the current year? What deductions are allowed for taxableincome purposes but denied for E&P?

 
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