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:11-20 Explain the differences between the way the
following items are reported by a C corpora-tion and an S corporation:
a. Ordinary income or loss
b. Dividend income
c. Capital gains and losses
d. Tax-exempt interest income
e. Charitable contributions
f. Nonliquidating property distributions
g. Fringe benefits paid to a shareholder-employee

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