The ez construction company is offered a $20 comma 000 contract to build a new deck for a house. the company's profit if they do not have to sink piers (vertical supports) down to bedrock will be $4 comma 000. however, if they do have to sink the piers, they will lose $600. the probability they will have to put in the piers is 10%. what is the expected value of this contract?

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?