Give me answer within 45 min I will give you positive rating immediately ...its very urgent ...thankyou... Roberto and Reagan are both 25 percentowner/managers for Bright Light Enterprises.Roberto runs the retail store in Sacramento, CA,and Reagan runs the retail store in SanFrancisco, 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, anda combined $82,000 profit from the remainingstores. If Bright Light incorporated is an Scorporation how much income wil be allocatedto RobertoA. 32,475B. 64,950C. 76,400D. 129,900

The S corporation is a special type of corporation that is formed under IRS rule. the S corporation…

Answered: stores. If Bright Light incorporated is…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Give me answer within 45 min I will give you positive rating immediately ...its very urgent ...thankyou...

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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