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9 . Schedule M 1 of Form 1 1 2 0 is used to reconcile financial accounting net income with taxable income reported on the
Schedule M of Form is used to reconcile financial accounting net income with taxable income reported on the corporations income tax return. Which of the following items would be a subtraction?
a Federal income tax expense per books
b Interest on loan to purchase taxexempt bonds
c CEO died, life insurance proceeds received
d Excess of capital losses over capital gains
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