On 1231x4 zoom llc reported a 60000 loss on its books. the, Ask an Expert

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On 12/31/X4, Zoom, LLC reported a $60,000 loss on its books. The items included in the loss computation were $30,000 in sales revenue, $15,000 in qualifying dividends, $22,000 in cost of goods sold, $50,000 charitable contribution, $20,000 in employee wages, and $13,000 of rent expense. How much ordinary business income (loss) will Zoom report on its X4 return.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946176

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