If an S Corporation's Beginning Balance in OAA Is Zero,and

question 92

Multiple Choice

If an S corporation's 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 income 5,300 Nontaxable life insurance proceeds 5,100 Life insurance premiums paid (nondeductible) 2,800 ​

• A)$1,300
• B)$7,600
• C)$23,300
• D)$27,500
• E)None of the above

---

Definitions:

Collateral Ganglia

Collections of nerve cell bodies located in the peripheral autonomic nervous system, involved in transmitting nerve signals to organs.

Paravertebral Ganglia

Nerve cell clusters found alongside the vertebral column, involved in the autonomic nervous system's sympathetic division.

Vagus Nerve

The tenth cranial nerve, which innervates various organs, including the heart, lungs, and digestive tract, and plays a critical role in autonomic functions.

Innervate

To supply an organ or other body part with nerves.