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Income That Is Included in Net Income Per Books but Not

question 108

True/False

Income that is included in net income per books but not included in taxable income is a subtraction item on Schedule
M-1.


Definitions:

Left Gastric Artery

An artery that arises from the celiac trunk and supplies blood to the stomach's lesser curvature.

Splenic Artery

The artery that branches off the abdominal aorta to provide the spleen with oxygen-rich blood.

Hepatic Artery

A blood vessel that supplies oxygenated blood to the liver.

Ductus Arteriosus

A blood vessel in a fetus that bypasses pulmonary circulation by connecting the pulmonary artery directly to the ascending aorta.

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