using the categories in the following legend classify each transaction as a plus or 699237

Using the categories in the following legend, classify each transaction as a plus (+) or minus (−) on Schedule M–2 of Form 1120S. An answer might look like one of these: “+AAA” or “−OAA.”

a. Receipt of tax exempt interest income.

b. Unreasonable compensation determined.

c. Depreciation recapture income.

d. Nontaxable life insurance proceeds.

e. Expenses related to tax exempt securities.

f. Charitable contributions.

g. Business gifts in excess of $25.

h. Nondeductible fines and penalties.

i. Administrative expenses.