Indicate by I if the following is an increase in taxable income to determine current earnings and profits or D if it is a decrease in taxable income in determining current earnings and profits.
-Corporate charitable contributions in excess of 10 percent limit.
b. A fine for monopolistic practices
c. Net operating loss carryovers
d. Life insurance proceeds
e. Expenses related to tax-exempt income
f. Capital loss carryovers
g. Dividends received deduction
h. Federal income tax refunds
i. Disallowed losses on sales to related parties
j. Section 179 expense in excess of allowable depreciation

Question

Indicate by I if the following is an increase in taxable income to determine current earnings and profits or D if it is a decrease in taxable income in determining current earnings and profits.
-Corporate charitable contributions in excess of 10 percent limit.
b. A fine for monopolistic practices
c. Net operating loss carryovers
d. Life insurance proceeds
e. Expenses related to tax-exempt income
f. Capital loss carryovers
g. Dividends received deduction
 h. Federal income tax refunds 
 i. Disallowed losses on sales to related parties 
 j. Section 179 expense in excess of allowable depreciation

Quizplus · Accepted Answer

The Answer of Indicate by I if the following is an increase in taxable income to determine current earnings and profits or D if it is a decrease in taxable income in determining current earnings and profits.
-Corporate charitable contributions in excess of 10 percent limit.
b. A fine for monopolistic practices
c. Net operating loss carryovers
d. Life insurance proceeds
e. Expenses related to tax-exempt income
f. Capital loss carryovers
g. Dividends received deduction
 h. Federal income tax refunds 
 i. Disallowed losses on sales to related parties 
 j. Section 179 expense in excess of allowable depreciation

Indicate by I If the Following Is an Increase in Taxable