ACCT 553 STUDY Extraordinary Success/acct553study.com ACCT 553 STUDY Extraordinary Success/acct553study | Page 15

===================================================
ACCT 553 Week 5 Homework
FOR MORE CLASSES VISIT
www.acct553study.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 Sch3edules 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.)
===================================================
ACCT 553 Week 5 Quiz
FOR MORE CLASSES VISIT
www.acct553study.com