Question: C: 1 1 - 2 0 Explain the differences between the way the following items are reported by a C corpora - tion and an
C: Explain the differences between the way the
following items are reported by a C corporation and an S corporation:
a Ordinary income or loss
b Dividend income
c Capital gains and losses
d Taxexempt interest income
e Charitable contributions
f Nonliquidating property distributions
g Fringe benefits paid to a shareholderemployee
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