Question
The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income $21,600 Payroll tax penalty (4,200) Tax exempt interest
The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur.
Depreciation recapture income $21,600
Payroll tax penalty (4,200)
Tax exempt interest income 4,012
Nontaxable life insurance proceeds 100,000
Life insurance premiums paid (nondeductible) (3,007)
Swan's ending OAA balance is $
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Deciding What To Teach And Test Developing Aligning And Auditing The Curriculum
Authors: Fenwick W. English
1st Edition
0803968329, 978-0803968325
