Question
KBox Fitness finished the year with $54,321 in gross receipts and sales. During the year, customers of KBox Fitness were refunded a total of $876.
KBox Fitness finished the year with $54,321 in gross receipts and sales. During the year, customers of KBox Fitness were refunded a total of $876. The total compensation expense for their officers was $29,835. The company also paid their facility's annual rent of $9,900. What is the total income reported on the Form 1120-S, line 6?.
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Corporate Finance, European Edition
Authors: Peter Moles, Robert Parrino, David S. Kidwell
1st Edition
0470683708, 9780470683705
