Dove Corporation, a calendar year C corporation, had the following information for 2021: Based on the above

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Dove Corporation, a calendar year C corporation, had the following information for 2021:

Based on the above information, use Schedule M–2 of Form 1120 to determine Dove’s unappropriated retained earnings balance as of December 31, 2021.

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

ISBN: 9780357519240

45th Edition

Authors: William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: May 22, 2023 04:13 AM

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Dove Corporation, a calendar year C corporation, had the following information for 2021: Based on the above

Question:

Net income per books (after-tax) Taxable income Federal income tax per books Cash dividend distributions Unappropriated retained earnings, as of January 1, 2021 $386,250 120,000 25,200 150,000 796,010

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South-Western Federal Taxation 2022 Corporations, Partnerships, Estates And Trusts

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