Business
Business, 17.08.2021 02:50, joelpimentel

The beginning balance in Swan, Inc.'s OAA is $6,700, and the following transactions occur. Depreciation recapture income $21,600
Payroll tax penalty (4,200)
Tax exempt interest income 4,012
Nontaxable life insurance proceeds 100,000
Life insurance premiums paid (nondeductible) (3,007)
What is Swan's ending OAA balance?
$

answer
Answers: 2

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