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Madalyn, an individual and cash basis taxpayer, owns 70% of thestock of Kihei Corporation, a calendar year, accrual basistaxpayer. On December 31, 2021, Kihei accrues
Madalyn, an individual and cash basis taxpayer, owns 70% of thestock of Kihei Corporation, a calendar year, accrual basistaxpayer. On December 31, 2021, Kihei accrues a bonus for financialstatement 2 answers
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