Out of the following, which are non separately stated for Neely Inc., a calendar year S corporation that incurred the following items this year. Answer yes or no. (form 1120S). Operating Income Cost of Goods Sold Depreciation Administrative Expenses 1231 Gain 1250 Gain Short-term Capital Loss Long-term Capital Loss Long-term Capital Gain Charitable Contribution Solution Operating income .

1. Out of the following, which are non separately stated for Neely Inc., a calendar year S
corporation that incurred the following items this year. Answer yes or no. (form 1120S).
Operating Income
Cost of Goods Sold
Depreciation
Administrative Expenses
1231 Gain
1250 Gain
Short-term Capital Loss
Long-term Capital Loss
Long-term Capital Gain
Charitable Contribution
Solution
Operating income