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Unformatted text preview: $100,000 Retained earnings 200,000 229,660 For Schedule M-2, the accumulated adjustments account is $200,000 at the beginning of the year. Required (15 points)Due April 20 (Beginning of Class) Complete the 2010 federal Form 1120 for the corporation and Schedule K-1 for Dr. Bruce (SS# ab1-23-9876). You must provide (make it up) all necessary information that is not given for the company, including its name and address. You may work alone or in a group of up to three. Groups should submit one return with each members name listed at the top of the return. You should be able to complete this in 45 minutes. Note: The only difference between taxable income and book income relates to depreciation ($102,000 - $20,400). Essay (In class)--Parameters: 50% of evaluation is based on first impression of content. 50% of evaluation is based on writing, including persuasion....
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This note was uploaded on 05/21/2011 for the course ACCT 325 taught by Professor Ostrich during the Spring '11 term at San Diego State.
- Spring '11