Which Item Has No Effect on an S Corporation's AAA

question 32

Multiple Choice

Which item has no effect on an S corporation's AAA?

• A)Stock purchase by a shareholder.
• B)Interest expense.
• C)Cost of goods sold.
• D)Capital loss.
• E)All of the above modify AAA.

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Definitions:

Container

In programming, an object that holds and manages multiple other objects or data types in various structures like arrays, lists, or GUI components.

UML Class Diagram

A type of static structure diagram in the Unified Modeling Language that describes the structure of a system by showing the system's classes, attributes, operations, and relationships among objects.

Sphere

A three-dimensional geometric shape that is perfectly round and symmetrical, with every point on its surface equidistant from its center.

UML Class Diagram

A type of static structure diagram in the Unified Modeling Language that describes the structure of a system by showing the system's classes, attributes, operations, and the relationships among objects.