Which of the following items is not an adjustment to taxable income when determining a corporations current
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Question:
Which of the following items is not an adjustment to taxable income when determining a corporation’s current earnings and profits amount?
a) Capital contributions.
b) Life insurance proceeds.
c) Municipal bond interest income.
d) Charitable contributions made in excess of the adjusted taxable income limitation.
Related Book For
Taxation of Business Entities 2018 Edition
ISBN: 9781260174441
9th edition
Authors: Brian C. Spilker , Benjamin C. Ayers, John A. Barrick, Edmund Outslay , John Robinson , Connie Weaver Ronald G. Worsham
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