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PLs ASAP, i hv only 30 mins Accounting MNO, an S corporation, has an AAA balance of $10,000 at the beginning of the year. During
PLs ASAP, i hv only 30 mins
Accounting MNO, an S corporation, has an AAA balance of $10,000 at the beginning of the year. During the year, MNO reports ordinary business loss of (20,000), dividend income of 5,000, and capital gain of 2,000. MNO makes a 20,000 distribution to it's share holders in the current year. What is MNO's AAA balance at the end of year
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