ACCT 553 Course Great Wisdom / tutorialrank.com ACCT 553 Course Great Wisdom / tutorialrank.com | Page 3

ACCT 553 Week 4 You Decide
=========================================

ACCT 553 Week 5 Homework Assignment
For more course tutorials visit

www.tutorialrank.com
Chapter 14

1. Please explain how Charitable Contributions come into play in
determining "Corporate" taxable income. (5 pts)

2. What happens to a loss on the Corporate Tax Return (Form 1120)?
Does it pass through to the shareholders? Is it available for future or
past periods? Please explain in detail. (5 pts.)

3. Please describe the purpose of Schedules M-1 and M-3. When is a
Schedule M-3 required in lieu of a Schedule M-1. (5 pts.)

Chapter 17

4. Please define and differentiate a Spin-off, Split-off, and Split-up. (
5 pts.)