a company had a revenue of 550,000, rent expense of 100,000, utility expense of 10,000, salary expense of 125,000, depreciation expense of 39,000, advertising expense of 40,200, dividends in the amount of 183,000 and an ending balance in retained
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Last year Aleshia identified $15,000 as a nonbusiness bad debt. In that tax year, before considering the tax implications of the nonbusiness bad debt, Aleshia had $100,000 of taxable income, of which $12,000 consisted of short-term capital gains.
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