Connie's Restaurant has been an S corporation since it was formed in 2006.Its results for the previous year are as follows: Gain on the sale of What are Connie's separately stated items? What is the S corporation's ordinary income?

Question

Connie's Restaurant has been an S corporation since it was formed in 2006.Its results for the previous year are as follows:  Gain on the sale of  What are Connie's separately stated items? What is the S corporation's ordinary income?

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The Answer of Connie's Restaurant has been an S corporation since it was formed in 2006.Its results for the previous year are as follows:  Gain on the sale of  What are Connie's separately stated items? What is the S corporation's ordinary income?

Connie's Restaurant Has Been an S Corporation Since It Was