Flip Corporation operates in two states,as indicated below.All goods are manufactured in State A.Determine the sales to be assigned to both states to be used in computing Flip's sales factor for the year.Both states follow the UDITPA and the MTC regulations in this regard. State A State B Gross sales to purchasers in state $420,000 $360,000 Sales returns 9,000 11,000 Discounts allowed 21,000 31,000 Rental income 60,000 * 25,000 ** * Excess warehouse space,seasonal rental to a competitor. ** Land held for speculation.

Question

Flip Corporation operates in two states,as indicated below.All goods are manufactured in State A.Determine the sales to be assigned to both states to be used in computing Flip's sales factor for the year.Both states follow the UDITPA and the MTC regulations in this regard. State A State B Gross sales to purchasers in state $420,000 $360,000 Sales returns 9,000 11,000 Discounts allowed 21,000 31,000 Rental income 60,000 * 25,000 ** ​ * Excess warehouse space,seasonal rental to a competitor. ** Land held for speculation.

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The Answer of Flip Corporation operates in two states,as indicated below.All goods are manufactured in State A.Determine the sales to be assigned to both states to be used in computing Flip's sales factor for the year.Both states follow the UDITPA and the MTC regulations in this regard. State A State B Gross sales to purchasers in state $420,000 $360,000 Sales returns 9,000 11,000 Discounts allowed 21,000 31,000 Rental income 60,000 * 25,000 ** ​ * Excess warehouse space,seasonal rental to a competitor. ** Land held for speculation.

Flip Corporation Operates in Two States,as Indicated Below