feedback

(Solution document) Benson, a singer, owns 100% of the outstanding capital stock of Lund Corporation. Lund contracted with Benson, specifying that Benson was to perform...


Benson, a singer, owns 100% of the outstanding capital stock of Lund Corporation. Lund contracted with Benson, specifying that Benson was to perform personal services for Magda Productions, Inc. in consideration of which Benson was to receive $50,000 a year from Lund. Lund contracted with Magda, specifying that Benson was to perform personal services for Magda, in consideration of which Magda was to pay Lund $1m a year. Personal holding company income will be attributable to

A. Benson only.

 B. Lund only.

C. Magda only.

 D. all three contracting parties.


I am not sure for the issue found in this question.  I just need to know the process to handle it.

 







About this question:

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by .
SiteLock