CB Corporation was formed as a calendar-year S corporation. Casey is a 60percent shareholder and Bryant is a 40percent shareholder. On September 30, 2020, Bryant sold his CB shares to Don. CB reported business income for 2020 as follows: (Assume that there are 365 days in the year.)
How much 2020 income is allocated to each shareholder if CB Corporation uses the daily method of allocating income?

Question

CB Corporation was formed as a calendar-year S corporation. Casey is a 60percent shareholder and Bryant is a 40percent shareholder. On September 30, 2020, Bryant sold his CB shares to Don. CB reported business income for 2020 as follows: (Assume that there are 365 days in the year.)
  How much 2020 income is allocated to each shareholder if CB Corporation uses the daily method of allocating income?

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The Answer of CB Corporation was formed as a calendar-year S corporation. Casey is a 60percent shareholder and Bryant is a 40percent shareholder. On September 30, 2020, Bryant sold his CB shares to Don. CB reported business income for 2020 as follows: (Assume that there are 365 days in the year.)
  How much 2020 income is allocated to each shareholder if CB Corporation uses the daily method of allocating income?

CB Corporation Was Formed as a Calendar-Year S Corporation