Question: Exercise 1 1 - 1 4 ( Algorithmic ) ( LO . 6 ) Dion, an S shareholder, owned 2 0 % of MeadowBrook's stock
Exercise AlgorithmicLO
Dion, an S shareholder, owned of MeadowBrook's stock for days and for the remaining days in the year.
Using the required perday allocation method, compute Dion's share of the following S corporation items.
Assume days in a year.
tableSchedule K Totals,Dion's Schedule TotalsOrdinary income,$Taxexempt interest,$
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