Question: If the beginning balance in OAA is $ 3,900, and the following transactions occur, what is the ending OAA balance? Depreciation recapture= $ 21,000 Payroll
If the beginning balance in OAA is $ 3,900, and the following transactions occur, what is the ending OAA balance?
Depreciation recapture= $ 21,000
Payroll tax penalty=$ 4,200
Tax-exempt interest =$ 5,300
Nontaxable life insurance proceeds= $ 50,000
Insurance premiums paid (nondeductible) = $ 2,800
Depreciation recapture= $ 21,000
Payroll tax penalty=$ 4,200
Tax-exempt interest =$ 5,300
Nontaxable life insurance proceeds= $ 50,000
Insurance premiums paid (nondeductible) = $ 2,800
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