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Brown Corporation, a calendar year taxpayer, began operations in 2012. It reports the following unadjusted AMTI and ACE for 2012 through 2015: Calculate Browns positive and negative adjustments, if any, for ACE. Unadjusted AMTI $80,000,000 60,000,000 50,000,000 55,000,000 ACE 2012

Brown Corporation, a calendar year taxpayer, began operations in 2012. It reports the following unadjusted AMTI and ACE for 2012 through 2015:

Calculate Brown’s positive and negative adjustments, if any, for ACE.

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Unadjusted AMTI $80,000,000 60,000,000 50,000,000 55,000,000 ACE 2012 2013 2014 2015 $70,000,000 90,000,000 40,000,000 20,000,000

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The adjustment for adjusted current earnings is 75 of the excess if any of the ACE over …View the full answer


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Posted Date: September 09, 2015 06:39:21
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