Ms.G obtained a 40 percent interest in business H on January 1 of the current year for $90,000.At the end of the year, H had the following information: If H is a C corporation, G's A.G.I, at the end of the year is
A)$4,400.
B)$5,600.
C)$5,600
D)$4,400

Question

Ms.G obtained a 40 percent interest in business H on January 1 of the current year for $90,000.At the end of the year, H had the following information:  If H is a C corporation, G's A.G.I, at the end of the year is
A)$4,400. 
B)$5,600. 
C)$5,600 
D)$4,400

Quizplus · Accepted Answer

The Answer of Ms.G obtained a 40 percent interest in business H on January 1 of the current year for $90,000.At the end of the year, H had the following information:  If H is a C corporation, G's A.G.I, at the end of the year is
A)$4,400. 
B)$5,600. 
C)$5,600 
D)$4,400

MsG Obtained a 40 Percent Interest in Business H on January