1. In which situation would a partnership be required to complete Schedules L, M-1 and M-2 on page 5 of form 1065?

a. the partnership's tax receipt for the year wrre $100,000

b. the partnership's tax receipt for the year were $200,000

c. the partnership's assets at the end of the yesr were $500,000

d. the partnership's assets at the end of the year were $1,050,000

2. Where are the beginning and ending balance sheets of the corporation reported?

a. form 1120, schedule B

b. form 1120, schedule C

c. form 1120, schedule K

d. form 1120, schedule L