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QUESTION 1 Which of the following items should be included on Schedule M-1, Reconciliation of Income (Loss) per Books with Income per Return, of

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QUESTION 1 Which of the following items should be included on Schedule M-1, Reconciliation of Income (Loss) per Books with Income per Return, of Form 1120 to reconcile book income to taxable income? a. Corporate bond interest income b. Net operating loss c. Dividend received deduction Od. Net capital loss QUESTION 2 Bridge Inc. reported taxable income of $12,000 in 2021 before considering any NOL carryforwards from prior years. It had an NOL carryforward of $10,000 from 2018. What is Bridge's 2021 taxable income after considering the NOL carryforwards? a. 2,400 O b. 2,000 C. O O d. 4,700

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