If the beginning balance in oaa is 3900 and the following, Ask an Expert

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If the beginning balance in OAA is $3,900, and the following transactions occur, what is the ending OAA balance?

Depreciation recapture $21,000
Payroll tax penalty 4,200
Tax-exempt interest 5,300
Nontaxable life insurance proceeds 50,000
Insurance premiums paid (nondeductible) 2,800

a. $1,100.

b. $6,400.

c. $53,600.

d. $56,400.

e. None of the above.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9401038

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