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.
_____ a. 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
a. Insurance premium on key-person life insurance.

Question

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.
_____ a. 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
a. Insurance premium on key-person life insurance.

Indicate by I If the Following Is an Increase in Taxable