a. accumulated adjustment accounts b. shareholders undistributed taxable income previously taxed c. other adjustment accounts

Question 40 of 75. ABC Corporation was originally formed in 2015 as a C corporation. In 2017, it became an S corporation. Which of the following accounts, on Schedule M-2 of its Form 1120-S, does ABC Corporation use to track the undistributed retained earnings that have accrued since it became an S corporation