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If an S corporation's beginning balance is OAA is zero and the following transactions occur, what is the entity's ending OAA balance? Depreciation recapture income
If an S corporation's beginning balance is OAA is zero and the following transactions occur, what is the entity's ending OAA balance? Depreciation recapture income $21,000 Payroll tax penalty 4,200 Tax-exempt interest income 5,300 Nontaxable life insurance proceeds 5,100 Life insurance premiums paid (nondeductible) 2,800.
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