Question: ng Explain the differences between the way the following items are reported by a C. corporation and an S corporation (Select the best choice

for how the listed items are reported for a C or S

ng Explain the differences between the way the following items are reported by a C. corporation and an S corporation (Select the best choice for how the listed items are reported for a C or S corporation. Abbreviations used: DRD Dividends received deduction, EE employee, SH= Shareholder) www Item C corporation worke a. Ordinary income or loss nt Sc b. Dividend income pts: Submi QC:11-1 c. Capital gains and losses. d. Tax-exempt interest income e. Charitable contributions 1. Nonliquidating property distributions g. Fringe benefits paid to a shareholder-EE S corporation QC:11-20 (book/statk

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