In the current year. Pelican, Inc., a calendar year C corporation, incurs $10,000 of meals and entertainment

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In the current year. Pelican, Inc., a calendar year C corporation, incurs $10,000 of meals and entertainment expenses that it deducts in computing net income per the corporation’s financial statements. All of the meals and entertainment expenditures are subject to die 100% disallowance rule applicable to such expenditures. How is this information reported on Schedule M-3?

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Related Book For  answer-question

South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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