Which of these is reported on Schedule M-1, Reconciliation of Income (Loss) per Books With Income (Loss) per Return? $347 of royalties reported on the books this year and included on Schedule K. $673 of foreign taxes paid reported on the books this year and included on Schedule K. $1,234 of ordinary dividend income included on Schedule K and recorded on the books this year. $1,679 of capital gain from the sale of collectibles included on Schedule K and not recorded on the books this year.

Which of these is reported on Schedule M-1, Reconciliation of Income (Loss) per Books With Income (Loss) per Return? $347 of royalties reported on the books this year and included on Schedule K. $673 of foreign taxes paid reported on the books this year and included on Schedule K. $1,234 of ordinary dividend income included on Schedule K and recorded on the books this year. $1,679 of capital gain from the sale of collectibles included on Schedule K and not recorded on the books this year.

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 24P

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vi.2
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H8.
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