Question
Need help with this problem. Need step by step instructions. It has to do with accounting, Corp. Tax. Thank u in advance Beginning in 2015,
Need help with this problem. Need step by step instructions. It has to do with accounting, Corp. Tax. Thank u in advance
Beginning in 2015, the AAA of Alan, INC., an S corporation has a balance of $614,000. During the year the following items occur.
Operating income (before 179 expense) $501,000
Interest income 6,500
Dividend income 13,020
Municipal bond interst income 6,000
Long-term capital loss from sale of investment land 7,400
Section 179 depreciation deduction 6,000
Charitable contributions 19,000
Cash donations 57,000
Alan's ending AAA balance is___________________________
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