Form 480.20 - Corporation Income Tax Return - 2013 Page 3
ADVERTISEMENT
1
2
3
400
Form 480.20 Rev. 04.13
Corporation - Page 3
Corporation - Comparative Balance Sheet
37
Beginning of the Year
Ending of the Year
Assets
Total
Total
00
00
1.
Cash on hand and in banks ............................
(1)
(1)
00
00
2.
Accounts receivable ...................................
(2)
(2)
(
)
(
)
00
00
00
00
3.
Less: Reserve for bad debts .......................
(3)
(3)
00
00
4.
Notes receivable .......................................
(4)
(4)
00
00
5.
Inventories ................................................
(5)
(5)
00
00
6.
Investments ..............................................
(6)
(6)
00
00
7.
Depreciable assets .....................................
(7)
(7)
3
(
)
00
(
)
00
00
00
8.
Less: Reserve for depreciation ....................
(8)
(8)
00
00
9.
Land ........................................................
(9)
(9)
00
00
10.
Other assets .............................................
(10)
(10)
00
00
11.
Total Assets ............................................
(11)
(11)
Liabilities and Stockholder's Equity
Liabilities
00
00
12.
Accounts payable ......................................
(12)
(12)
00
00
13.
Accrued expenses .....................................
(13)
(13)
00
00
14.
Notes payable ..............................................
(14)
(14)
00
00
15.
Other liabilities ...........................................
(15)
(15)
00
00
16.
Total Liabilities .......................................
(16)
(16)
Stockholder's Equity
17.
Capital stock
00
00
(a) Preferred stocks .......................................
(17a)
(17a)
00
00
(b) Common stocks ......................................
(17b)
(17b)
00
00
18.
Additional paid in capital .................................
(18)
(18)
00
00
19.
Retained earnings ..........................................
(19)
(19)
00
00
20.
Reserve ......................................................
(20)
(20)
00
00
21.
Total Stockholder's Equity ..........................
(21)
(21)
00
22.
Total Liabilities and Stockholder's Equity ...........
(22)
(22)
00
Reconciliation of Net Income (or Loss) per Books with Net Taxable Income (or Loss) per Return
38
00
7.
Income recorded on books this year not included on this
1.
Net income (or loss) per books .......................
(1)
00
2.
Income tax per books ....................................
return (Itemize, use schedule if necessary)
(2)
3.
Excess of capital losses over capital
(a) Exempt interest ___________________________
00
gains ........................................................
(3)
(b) _________________________________________
4.
Taxable income not recorded on books this year
(c) _________________________________________
(Itemize, use schedule if necessary)
(d) _________________________________________
(a) _____________________________________
Total ...................................................................
(7)
00
(b) _____________________________________
8.
Deductions on this tax return not charged against book
(c) _____________________________________
income this year (Itemize, use schedule if necessary)
(d) _____________________________________
(a) Depreciation _______________________________
00
Total ........................................................
(4)
(b) _________________________________________
5.
Expenses recorded on books this year not claimed
(c) _________________________________________
on this return (Itemize, use schedule if necessary)
(a) Meal and entertainment (amount
(d) _________________________________________
not claimed) ________________________
00
Total ...................................................................
(8)
(b) Depreciation ___________________________
00
9.
Total (Add lines 7 and 8) ......................................
(9)
(c) Motor vehicles (in excess of the limit) ______
10.
Net taxable income (or loss) per return (Subtract line
___________________________________
00
9 from line 6) ........................................................
(10)
(d) Vessels, airships and property located outside
of P.R. ____________________________
(e) _____________________________________
00
Total ........................................................
(5)
00
6.
Total (Add lines 1 through 5) ......................
(6)
Analysis of Retained Earnings per Books
39
00
5.
Distributions:
(a) Cash ..................................
00
1.
Balance at the beginning of the year ..............
(1)
(5a)
00
(b) Property ..............................
00
2.
Net income per books ................................
(2)
(5b)
00
3.
Other increases (Itemize, use schedule if
(c) Stocks ................................
(5c)
00
necessary) ______________________________
6.
Other decreases (Use schedule if necessary) .................
(6)
7.
Total (Add lines 5 and 6) ..........................................
00
________________________________________
(7)
00
8.
Balance at end of year (Subtract line 7 from
________________________________________
(3)
00
line 4) ...................................................................
4.
Total (Add lines 1, 2 and 3) ........................
(4)
(8)
00
Retention Period: Ten (10) years
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial