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Using the categories in the following legend, classify each transaction as a plus (1) or minus (2) on Schedule M2 of Form 1120S. 9. LO.6

Using the categories in the following legend, classify each transaction as a plus (1) or minus (2) on Schedule M2 of Form 1120S.

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9. LO.6 Using the categories in the following assify eac nus Legend ax-exemp t income c. Depreciation recapture income ontaxable life insurance proceed to tax-exempt securities Business gifts in excess of $25

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