Question
1. Gain on installment sale in 2018 deferred until 2019. Select one. A: Increase B: Decrease C: No effect 2. Interest received from municipal bonds
1. Gain on installment sale in 2018 deferred until 2019. Select one.
A: Increase B: Decrease C: No effect
2. Interest received from municipal bonds in 2018.Select one.
A: Increase B: Decrease C: No effect
3. Meal and entertainment expenses not deducted in 2018 because of the 50% limitation.Select one.
A: Increase B: Decrease C: No effect
4. Dividends received deduction in 2018.Select one.
A: Increase B: Decrease C: No effect
5. Premiums paid on key employee life insurance policy in 2018.Select one.
A: Increase B: Decrease C: No effect
6. Section 179 expense elected in 2017.Select one.
A: Increase B: Decrease C: No effect
Please read the statement and choose the correct outcome. Thank you!
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