Which Item Does Not Appear on Schedule K of Form

question 30

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 expense deduction.
• D)Depreciation recapture income.
• E)All of the above appear on Schedule K.

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Definitions:

Unreasonable Intrusion

An invasive act that violates an individual's reasonable expectation of privacy and is not legally justifiable.

False Light

A privacy tort involving a misleading portrayal of an individual that is highly offensive or embarrassing, even if not defamatory.

Drug and Alcohol Testing

The process of checking an individual's body fluids or breath for the presence of drugs or alcohol, commonly used in employment and legal settings.

NLRB

National Labor Relations Board, a US federal agency that enforces US labor law in relation to collective bargaining and unfair labor practices.