Calculate bidden''s ordinary income


Bidden, Inc., a calendar year S corporation, incurred the following items.

Sales $130,000
Depreciation recapture income 12,000
Dividend income 10,000
Short-term capital gain 30,000
Cost of goods sold (42,000)
Municipal bond interest income 7,000
Salaries expenses (15,000)
Depreciation expense (17,000)
Charitable contributions (14,000)

Calculate Bidden's ordinary (non separately stated) income.

 

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Calculate bidden''s ordinary income
Reference No:- TGS085706

Expected delivery within 24 Hours