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If the Beginning Balance in OAA Is Zero and the Following

question 92

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If the beginning balance in OAA is zero and the following transactions occur, what is the ending OAA balance?  Depreciation recapture income $21,000 Payroll tax penalty 4,200 Tax-exempt interest 5,700 Nontaxable life insurance proceeds 3,900 Insurance premiums paid (nondeductible)  2,900 Charitable contributions17,000\begin{array}{lc}\text { Depreciation recapture income } & \$ 21,000 \\\text { Payroll tax penalty } & 4,200 \\\text { Tax-exempt interest } & 5,700 \\\text { Nontaxable life insurance proceeds } & 3,900 \\\text { Insurance premiums paid (nondeductible) } & 2,900\\ \text { Charitable contributions}&17,000\\\end{array}

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Definitions:

Aristotle

An ancient Greek philosopher and scientist who made significant contributions to numerous fields of study.

Moved Emotionally

The state of being affected deeply on an emotional level, often leading to a changed attitude or behavior.

Works of Fiction

Literary, cinematic, or other artistic creations that describe imaginary events and characters.

Cross-Cultural

Involving or bridging the differences between cultures; examining or comparing two or more different cultures.

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