Bjorn owns a 35 interest in an s corporation that earned, Financial Accounting

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Bjorn owns a 35 interest in an s corporation that earned

Bjorn owns a 35% interest in an S corporation that earned $200,000 in 2010. He also owns 10% of the stock in a C corporation that earned $200,000 during the year. The S corporation distributed $10,000 to Bjorn and the Corporation paid dividends of $10,000 to Bjorn. How much income must Bjorn report from these businesses?

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Financial Accounting: Bjorn owns a 35 interest in an s corporation that earned

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