ACT415 Colorado State University Income Tax Return Form 1120 Project – assignmentcollections.com
Business Finance Assignment Collections – assignmentcollections.com
Use the financial data below to complete Form 1120.
Complete the Student Template (provided in Module 8 under this assignment) that has the respective tax forms and schedules required to complete the return. Complete all the parts of your respective business tax return for which there is information.
Click this link to download Form 1120 (Links to an external site.) from IRS.gov. Complete the return for BADEC.
In a separate document:
Show your income tax calculations.
Requirements:
Submit 1) your tax return template, 2) Income tax calculations,
BADEC Corporation
12/31/2016
Assets
Cash
$485,600
Computer
$7,000
AccDep-Computer
$(1,745)
Furniture
$3,000
AccDep-Furniture
$(321)
Land
$50,000
Total Assets
$543,534
Liabilities
Equity
Retained Earnings
$53,534
Stock-Anderson
$50,000
Stock-Bacon
$150,000
Stock-Cox
$100,000
Stock-Day
$50,000
Stock-Elders
$40,000
Stock-Fawcett
$80,000
Stock-Gonzalez
$20,000
Total Liabilities plus Equity
$543,534
– assignmentcollections.com
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