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Schedule L
Retained Earnings Tie-Out
Tie retained earnings movement to income, distributions, and balance sheet diagnostics.
Steps
Do these steps
1
Beginning retained earnings
2
Current income
3
Distributions
4
Ending balance
Drill details
1120SAdvanced 18 min
Skills
What you will practice
Schedule L tie-outS-corp distributionsDiagnostics
Related Return
Practice return
This drill works on a general skill. Pick a related return when you are ready to use it.