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What is the primary difference between the income section for form 1120 and form 1120S? (1) rental real estate is reported on form 1120s. (2)
What is the primary difference between the income section for form 1120 and form 1120S?(1) rental real estate is reported on form 1120s. (2) dividends and interest income is reported in the income section of form 1120 S. (3) Gross rental income is reported on form 1120S. (4) only business income is reported in the income section on form 1120S.
(1) rental real estate is reported on form 1120s.
(2) dividends and interest income is reported in the income section of form 1120 S.
(3) Gross rental income is reported on form 1120S.
(4) only business income is reported in the income section on form 1120S.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
