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:

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Refers to substances that produce altered states of perception and consciousness, often used in the context of certain drugs.

Marijuana

A psychoactive drug from the Cannabis plant, used for medical or recreational purposes.