Amit, Inc., an S corporation, holds an AAA balance of $614,000 at the beginning of the tax year. During the year, the following items occur. Amit's ending AAA balance is:
A) $1,055,620.
B) $1,185,150.
C) $1,191,150.
D) $1,242,150.
E) Some other amount.
Correct Answer:
Verified
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