LO.8 Brown Corporation, a calendar year taxpayer, began operations in 2009. It reports the following pre-adjusted AMTI

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LO.8 Brown Corporation, a calendar year taxpayer, began operations in 2009. It reports the following pre-adjusted AMTI and ACE for 2009 through 2012:

Pre-adjusted AMTI ACE 2009 $80,000,000 $70,000,000 2010 60,000,000 90,000,000 2011 50,000,000 40,000,000 2012 55,000,000 20,000,000 Calculate Brown’s positive and negative adjustments, if any, for ACE.

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South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts

ISBN: 9781133495574

36th Edition

Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney

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