For each of the following independent statements, indicate whether the transaction will increase (+), decrease (), or

Question:

For each of the following independent statements, indicate whether the transaction will increase (+), decrease (–), or have no effect (NE) on the basis of a shareholder's stock in an S Expenses related to tax-exempt income.
b. Short-term capital gain.
c. Nonseparately computed loss.
d. Section 1231 gain.
e. Depletion not in excess of basis.
f. Separately computed income.
g. Nontaxable return-of-capital by the Advertising expenses.
i. Business gifts in excess of $25.
j. Depreciation recapture income.
k. Dividends received by the S from an investment in ExxonMobil stock.
l. LIFO recapture tax paid.
m. Recovery of a bad debt previously deducted.
n. Long-term capital loss.
o. Shareholder out of AAA.
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