Question 71 of 75. On Schedule B Form 1120-S). Other Information which usestion answered "Yes", requires the information to be reported directly on Schedule B and not another form? O Did the corporation have any outstanding shares of restricted stock at the end of the year? Did the corporation issue publicly offered debt instruments with original issue discount? Did the corporation make a section 1630 election for their real property business during the year? Is the corporation a material advisor required to file Form 1918. Material Advisor Disclosure Statement? Mark for follow up Question 72 of 75. Max converted his sole proprietorship to an S corporation and transferred several assets to the corporation. The assets cost $15.000 and had an adjusted basis of $8.000. He also spent an additional $700 to make the conversion to an S corporation. What is his beginning basis in the corporation? O $8.000 O $8,700 O $15,000 O $15.700 Mark for follow up Question 73 of 75. Which type of deduction is passed through from an Scorporation on Schedule K to a shareholder on Schedule K-17 O Advertising O Compensation of officers. O Rent paid O Section 179 deduction Mark for follow up Question 74 of 75. All of these are factors the IRS considers to determine reasonable compensation EXCEPT: O Consistent amount of compensation year after year. Duties and responsibilities of the shareholder-employees O Training and experience of the shareholder-employees What comparable businesses pay for similar services Mark for follow up Question 75 of 75. An Scorporation's tax years for 2018-2020 end on 12/28/2018, 12/27/2019, and 12/25/2020. This is a: O Fiscal tax year Natural tax year