Accounting
Accounting. PROJECT – S CORPORATIONS CSU, Inc., is a calendar year S corporation. CSU’s Form 1120S shows nonseparately stated ordinary income of $120,000 for the year. Taewon owns 30% of the CSU stock throughout the year. The following information is obtained from the corporate records. Tax-exempt interest income $ 4,500 Salary paid to Taewon (78,000) Charitable […]
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