stores. If Bright Light incorporated is an S corporation how much income wil be allocated to Roberto A. 32,475 B. 64,950 C. 76,400 D. 129,900
stores. If Bright Light incorporated is an S corporation how much income wil be allocated to Roberto A. 32,475 B. 64,950 C. 76,400 D. 129,900
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Roberto and Reagan are both 25 percent
owner/managers for Bright Light Enterprises.
Roberto runs the retail store in Sacramento, CA,
and Reagan runs the retail store in San
Francisco, CA. Bright Light generated a
$129,900 profit companywide made up of a
$76,400 profit from the Sacramento store, a
($28,500) loss from the San Francisco store, and
a combined $82,000 profit from the remaining
stores. If Bright Light incorporated is an S
corporation how much income wil be allocated
to Roberto
A. 32,475
B. 64,950
C. 76,400
D. 129,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F37398115-436b-4aaf-a47c-405bece3ba33%2Fc136e0eb-9237-497e-9712-85ccc2a23314%2Fhxqajvh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Roberto and Reagan are both 25 percent
owner/managers for Bright Light Enterprises.
Roberto runs the retail store in Sacramento, CA,
and Reagan runs the retail store in San
Francisco, CA. Bright Light generated a
$129,900 profit companywide made up of a
$76,400 profit from the Sacramento store, a
($28,500) loss from the San Francisco store, and
a combined $82,000 profit from the remaining
stores. If Bright Light incorporated is an S
corporation how much income wil be allocated
to Roberto
A. 32,475
B. 64,950
C. 76,400
D. 129,900
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