Question
In the Income Statement, the amount of wages and salaries is $2,300,000. This includes total officer compensation of $1,600,000. The president of the AA Co.,
In the Income Statement, the amount of wages and salaries is $2,300,000.
This includes total officer compensation of $1,600,000. The president of the AA Co., Mrs. B, has a salary of $1,200,000 none of which is performance-based.
What amount should I fill in the Form-1120, Line-12, Compensation of officers? Explain it.
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The amount of 1600000 is to be filled in the Form 1120 lin...
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
