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Mauve,Inc,Has the Following for 2012,2013,and 2014 and No Prior ACE

Question 62

Multiple Choice

Mauve,Inc.,has the following for 2012,2013,and 2014 and no prior ACE adjustments. 201220132014Pre-adjusted AMTI$12,000$15,000$8,000Adjusted current earnings10,00017,0005,000\begin{array}{lccc}& 2012 & 2013 & 2014 \\\hline\text{Pre-adjusted AMTI} & \$12,000 & \$15,000 & \$ 8,000 \\\text{Adjusted current earnings} & 10,000 & 17,000 & 5,000 \\\end{array}

Whatis the ACE adjustment for each of the three years?

          2012        ~~~~~~~~~~\underline{2012}~~~~~~~~ 2013        \underline{2013}~~~~~~~~ 2014\underline{2014}


A) $0 $1,500 ($1,500)
B) ($2,000) $2,000 ($3,000)
C) $2,000 ($2,000) $3,000
D) ($1,500) $1,500 $2,250
E) $1,500 ($1,500) ($2,250)

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