Certain items of income or expense are not included in income of a Subchapter S corporation but, instead, are separately stated on Schedule K-1. List some items that are separately stated.
What will be an ideal response?
Any income or expense item on Schedule K-1 can be a separately stated item. Common items are: dividend income, interest income, charitable contributions, rental real estate income or loss, royalty income, capital gains and losses, and Section 179 deductions.
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Which of the following is used in the cash payments journal to indicate posting to the subsidiary ledger?
a. a check mark; b. an account number; c. a page number; d. CPJ; e. J2
Which of the following characteristics is associated with core self-evaluation?
A. conscientiousness B. extroversion C. emotional stability D. agreeableness
The government market consists of schools, hospitals, nursing homes, prisons, and other institutions that provide goods and services to people in their care
Indicate whether the statement is true or false
The creation of brand loyalty has had little effect upon marketing and consumer purchases over the years
Indicate whether the statement is true or false