Which of the Following Items Are Increases on Schedule M-3

question 52

Multiple Choice

Which of the following items are increases on Schedule M-3 on the Form 1120S,for an S corporation with $230,000 in ordinary income?

• A)An IRS agent's determination of unreasonable compensation of $43,000.
• B)Charitable contributions of $15,000.
• C)Receipt of $220,000 in tax-exempt insurance proceeds.
• D)Business gifts in excess of $25.
• E)a and d

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