| Pub. 542, Corporations |
2004 Tax Year |
This is archived information that pertains only to the 2004 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Form 1120-A (2002) Page 2. Summary: This is an example of Form 1120-A (2003), page 2, with items included as described in the text. Additionally, these
line items are
completed:
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Under
“Part II: Other Information”:
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“1. See page 21 and enter the:”
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“1a. Business activity code number” field contains 453110
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“1b. Business activity” field contains Florist
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“1c. Product or service” field contains Flowers
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“2. At the end of the tax year, did any individual, partnership, estate, or trust own, directly or indirectly, 50% or more
of the corporation's
voting stock? (For rules of attribution, see section 267(c).) Yes” checkbox checked
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“3. Enter the amount of tax-exempt interest received or accrued during the tax year” field contains 0
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“4. Enter total amount of cash distributions and the book value of property distributions (other than cash) made during the
tax year”
field contains 0
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“5b. If property is produced or acquired for resale, do the rules of section 263A apply to the corporation? No” checkbox
checked
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“6. At any time during the 2003 calendar year, did the corporation have an interest in or a signature or other authority over
a financial
account (such as a bank account, securities account, or other financial account) in a foreign country? No” checkbox
checked
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Under
“Part III: Balance Sheets per Books”:
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Under
“Assets”:
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“1. Cash”
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“(a) Beginning of tax year” field contains 18,498
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“(b) End of tax year” field contains 43,574
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“2a. Trade notes and accounts receivable: (b) End of tax year” field contains 23,393
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“3. Inventories”
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“(a) Beginning of tax year” field contains 3,010
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“(b) End of tax year” field contains 1,000
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“4. U.S. government obligations: (a) Beginning of tax year” field contains 45,479
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“12. Total assets”
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“(a) Beginning of tax year” field contains 66,987
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“(b) End of tax year” field contains 67,967
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Under
“Liabilities and Shareholders' Equity”:
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“13. Accounts payable”
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“(a) Beginning of tax year” field contains 7,079
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“(b) End of tax year” field contains 3,072
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“18. Capital stock (preferred and common stock)”
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“(a) Beginning of tax year” field contains 20,000
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“(b) End of tax year” field contains 20,000
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“20. Retained earnings”
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“(a) Beginning of tax year” field contains 39,908
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“(b) End of tax year” field contains 44,895
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“23. Total liabilities and shareholders' equity”
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“(a) Beginning of tax year” field contains 66,987
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“(b) End of tax year” field contains
67,967
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