Which of the following statements regarding corporate tax return schedules is correct?
A) Schedule M- 1 reconciles retained earnings at the beginning of the year to the end of the year amount.
B) Schedule M- 3 reconciles book- tax differences.
C) Schedule M- 2 reconciles book- tax differences.
D) Schedule M- 3 reconciles taxable income with earnings and profits.
Correct Answer:
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