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How is this information reported on Schedule

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Problem - In the current year, Pelican, Inc., a calendar year C corporation, incurs $10,000 of meals and entertainment expenses that it deducts in computing net income per the corporation's financial statements. All of the meals and entertainment expenditures are subject to the 100% disallowance rule applicable to such expenditures. How is this information reported on Schedule M-3?

Reference no: EM132644366

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