Wassim Zhani Corporate Taxation 1120S TB Updated 11 14 (2).

Accumulated Adjustments Account Beginning Balance - Positive adjustments: Taxable Income $131 588 Ordinary dividends $2 000 Net long-term capital gain $30 000 Total $163 588 Negative items: Charitable contributions -$17 600 AAA before distribution $145 988... More

Accumulated Adjustments Account Beginning Balance - Positive adjustments: Taxable Income $131 588 Ordinary dividends $2 000 Net long-term capital gain $30 000 Total $163 588 Negative items: Charitable contributions -$17 600 AAA before distribution $145 988 Less distribution - Ending Balance $145 988 Other Adjustmets Account Beginning Balance - Tax-exempt income - Negative items: - Ending Balance - Shareholders' Undistributed Taxable Income Previously Taxed Beginning Balance - Adjustments - Ending Balance - Less