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  1. business
  2. accounting
  3. 3). in the current year, riflebird company had ope

3). In the current year, Riflebird Company had operating income of $220,000, operating expenses of...

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Accounting

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3). In the current year, Riflebird Company had operating income of $220,000, operating expenses of $175,000, and a long-term capital loss of $10,000. How do Riflebird Company and Roger, the sole owner of Riflebird, report this information on their respective Federal income tax returns for the current year under the following assumptions? Riflebird Company is a proprietorship (Roger did not make any withdrawals from the business) a. paid during the year) b. Riflebird Company is a C corporation (no dividends were 4). Rajib is the sole shareholder of Robin Corporation, an S corporation. Robin Corporation earned $520,000 of gross income, had $170,000 in operating expenses, and distributed $80,000 to Rajib. What should Rajib report as income on his Federal income tax return

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