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Business, 13.08.2021 04:20 andrewblack033

Dion, a shareholder, owned 30% of MeadowBrook's stock for 292 days and 45% for the remaining 73 days in the year. Using the per-day allocation method, compute Dion's share of the following S corporation items. Schedule K Totals Ordinary income $90,000 Tax-exempt interest 1,000 Charitable contributions 3,400 What is Dion's total ordinary income allocation for the year

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Dion, a shareholder, owned 30% of MeadowBrook's stock for 292 days and 45% for the remaining 73 days...
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