Which Item Is Not Included in an S Corporation's Nonseparately

question 108

Multiple Choice

Which item is not included in an S corporation's nonseparately computed income?

• A) Net sales.
• B) Cost of goods sold.
• C) Dividends received.
• D) Depreciation recapture.
• E) All of the above are included in non-separately computed income.

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Definitions:

Brachiocephalic

Pertaining to the brachiocephalic artery or vein, which are major blood vessels in the neck and upper chest that supply blood to the head, neck, and arms.

Cephalic

Relating to or located on the head.

Brachial

Pertaining to the arm, specifically the area of the upper arm close to the shoulder.

Femoral

Relating to the femur or thigh, the largest and strongest bone in the human body.