During the current year, The Jupiter Company, which is an S corporation, had the following items of income and expenses:

a. Calculate the net ordinary income.
b. List all the other items which must be separately reported.
c. If the S corporation is on a calendar year, when is the corporation's tax return due?

Question

During the current year, The Jupiter Company, which is an S corporation, had the following items of income and expenses:
​
  
a. Calculate the net ordinary income.
b. List all the other items which must be separately reported.
c. If the S corporation is on a calendar year, when is the corporation's tax return due?

Quizplus · Accepted Answer

The Answer of During the current year, The Jupiter Company, which is an S corporation, had the following items of income and expenses:
​
  
a. Calculate the net ordinary income.
b. List all the other items which must be separately reported.
c. If the S corporation is on a calendar year, when is the corporation's tax return due?

During the Current Year, the Jupiter Company, Which Is an S