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

question 99

Short Answer

If an S corporation's beginning balance in OAA is zero, and the following transactions occur, what is the ending OAA balance?

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Definitions:

Feedback Toward Goals

Information provided to individuals or groups regarding their progress in achieving specific objectives, intended to guide and improve future performance.

Goal-setting Program

A structured approach to setting and achieving specific, measurable, attainable, relevant, and time-bound goals.

Obstacles

Factors, objects, or conditions that impede progress or make it difficult to achieve an objective.

Length of Workday

The total number of hours an employee is expected to work within a single day.