The item that does not appear on schedule k of form 1120s is Tax-exempt interest income.
<h3>What is contained in Schedule K-3 (Form 1120-S)?</h3>
The schedule contains the Shareholder's Share of Income, Deductions, Credits, etc.
However, when computing tax return, the item that does not appear on schedule k of form 1120s is Tax-exempt interest income.
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<span>Watching the Bobo doll being pounded on TV by an adult has the same inference for a child or adult as if it were happening right in from of them because whether it is on a metal box or right in front of us, we are able to discern that the deed is actually happening. We can actually see it happening.</span>
Answer: Auditing through computer
Explanation: Auditing is the inspection activity with the help of the computer for the testing of the software and hardware of the client.The steps taken under this auditing is done for checking of the reliability in the functioning.
Auditing is carried out by the computer because it is tough for the human to evaluate the client's system .So,this is done electronically to achieve the effective and correct system controls like internal automated controls , checking of the account balance etc.
