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:

Peripheral Vascular Disease

A blood circulation disorder that causes the blood vessels outside of your heart and brain to narrow, block, or spasm, leading to diminished blood flow, usually to limbs.

Oxygen Saturation

Amount of hemoglobin fully saturated with oxygen, given as a percent value.

Latex Allergy

An allergic reaction to the proteins present in natural rubber latex, which can cause various symptoms ranging from skin irritation to anaphylaxis.

Edema

Abnormal accumulation of fluid in interstitial spaces of tissues.