Which Item Does Not Appear on Schedule K of Form

question 122

Multiple Choice

Which item does not appear on Schedule K of Form 1120S?

• A) Tax-exempt interest income.
• B) Section 1231 gain.
• C) Section 179 depreciation deduction.
• D) Depreciation recapture income.
• E) All of the above appear on Schedule K.

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Definitions:

Executive Branch

The part of government responsible for implementing and enforcing laws, usually headed by the president or prime minister and comprising departments and agencies.

Commander-In-Chief

The highest-ranking officer in the armed forces of a nation, typically the President or monarch, responsible for military command.

Islamist Caliphate

A political-religious state comprising the Muslim community and territories governed by Islamic law.

Al Qaeda

A militant Sunni Islamist multi-national organization founded in 1988 by Osama bin Laden, responsible for numerous terror attacks worldwide.