Bidden, Inc., a calendar year S corporation, incurred the following items. $$\begin{array} { l c }
\text { Sales } & \$ 130,000 \
\text { Depreciation recapture income } & 12,000 \
\text { Short-term capital gain } & 30,000 \
\text { Cost of goods sold } & ( 42,000 ) \
\text { Municipal bond interest income } & 7,000 \
\text { Administrative expenses } & ( 15,000 ) \
\text { Depreciation expense } & ( 17,000 ) \
\text { Charitable contributions } & ( 14,000 )
\end{array}$$ Calculate Bidden's nonseparately computed income.

Question

Bidden, Inc., a calendar year S corporation, incurred the following items. $$\begin{array} { l c } 
\text { Sales } & \$ 130,000 \
\text { Depreciation recapture income } & 12,000 \
\text { Short-term capital gain } & 30,000 \
\text { Cost of goods sold } & ( 42,000 ) \
\text { Municipal bond interest income } & 7,000 \
\text { Administrative expenses } & ( 15,000 ) \
\text { Depreciation expense } & ( 17,000 ) \
\text { Charitable contributions } & ( 14,000 )
\end{array}$$ Calculate Bidden's nonseparately computed income.

Quizplus · Accepted Answer

The Answer of Bidden, Inc., a calendar year S corporation, incurred the following items. $$\begin{array} { l c } 
\text { Sales } & \$ 130,000 \
\text { Depreciation recapture income } & 12,000 \
\text { Short-term capital gain } & 30,000 \
\text { Cost of goods sold } & ( 42,000 ) \
\text { Municipal bond interest income } & 7,000 \
\text { Administrative expenses } & ( 15,000 ) \
\text { Depreciation expense } & ( 17,000 ) \
\text { Charitable contributions } & ( 14,000 )
\end{array}$$ Calculate Bidden's nonseparately computed income.

Bidden, Inc Calculate Bidden's Nonseparately Computed Income