21.These are all recorded on the Schedule M-2, EXCEPT:

A.Accumulated adjustments account.

B.Accumulated earnings and profits.

C.Retained earnings.

D.Shareholder's undistributed taxable income previously taxed.

22.An S corporation's tax years for 2018-2020 end on 12/28/2018, 12/27/2019, and 12/25/2020. This is a:

A.Fiscal tax year.

B.Natural tax year.

C.52-53-week tax year.

D.Business purpose tax year.

23.An S corporation's cost of goods sold is calculated on:

A.Form 1120-S, page 1.

B.Form 1125-A.

C.Schedule C (Form 1120S)

D.Form 1120-S, page 2.