Indicate whether the following items are includible in regular taxable income, preadjustment AMTI, and/or ACE. Also indicate whether a corporation must make a positive, negative, or zero adjustment when calculating preadjustment AMTI and when calculating ACE.
a. Tax-exempt interest on private activity bonds (not issued in 2009 or 2010)
b. Tax-exempt interest on a state’s general revenue bonds (not issued in 2009 or 2010)
c. Proceeds from a life insurance policy (with no cash surrender value) paid on account of a corporate officer’s death
d. Gain on a current year sale of property for which a corporation uses the installment method
e. Gain on a previous year sale of property for which a corporation uses the installment method
f. Deduction of organizational expenditures made in the previous year
g. Deduction for a dividend received from a 25%-owned domestic corporation
h. Deduction for a dividend received from a 5%-owned domestic corporation