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Dion, an S shareholder, owned 2 0 % of MeadowBrook's stock for 2 9 2 days and 2 5 % for the remaining 7 3
Dion, an S shareholder, owned of MeadowBrook's stock for days and for the remaining days in the year.
Using the required perday allocation method, compute Dion's share of the following S corporation items.
Assume days in a year.
Schedule K Totals Dion's Schedule K Totals
Ordinary income $ $fill in the blank
Taxexempt interest $fill in the blank
Charitable contributions $fill in the blank
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