Shareholder pro rata share of corporate tax items
An S corporation has both voting and non-voting stock. What effect does this differentiation in voting rights have on S corporation eligibility and on shareholder pro rata share of corporate tax items?
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Trepid Manufacturing Company prepared a fixed budget of 40,000 direct labor hours, with estimated overhead costs of $200,000 for variable overhead and $60,000 for fixed overhead. Trepid then prepared a flexible budget at 38,000 labor hours. How mu
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