Sophie Industries Inc. was a C-corporation that filed an S-election effective January 1, 2019. Which item has an impact on S-corporation’s AAA in 2019? a. Non-separately stated ordinary income earned in 2019. b. An additional capital contribution by a stockholder in 2019 c. Tax-exempt interest earned in 2019. d. A distribution from accumulated earnings and profits (AEP)

Sophie Industries Inc. was a C-corporation that filed an S-election effective January 1, 2019. Which item has an impact on S-corporation’s AAA in 2019? a. Non-separately stated ordinary income earned...

Sophie Industries Inc. was a C-corporation that filed an S-election effective January 1, 2019. Which item has an impact on S-corporation’s AAA in 2019?

	a.	Non-separately stated ordinary income earned in 2019.
	b.	An additional capital contribution by a stockholder in 2019
	c.	Tax-exempt interest earned in 2019.
	d.	A distribution from accumulated earnings and profits (AEP)

Jun 08, 2022

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