Form Ar1050 - Partnership Return Of Income - 1998 Page 2
Download a blank fillable Form Ar1050 - Partnership Return Of Income - 1998 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Ar1050 - Partnership Return Of Income - 1998 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2A.
Check method of accounting.
Cash
Accrual
Other: (Specify). __________________________________________________________________________
B.
Is partnership a limited partnership?...............................................................................................................................................................................
Yes
No
C.
Is this partnership a partner in another partnership?.......................................................................................................................................................
Yes
No
D.
Are any partners in this partnership also partnerships? ..................................................................................................................................................
Yes
No
SCHEDULE A:
COST OF GOODS SOLD
1.
Inventory at beginning of year. ............................................................................................................................................................................. 1
00
2.
Purchases less cost of items withdrawn for personal use. ................................................................................................................................... 2
00
3.
Cost of labor. ....................................................................................................................................................................................................... 3
00
4.
Other costs. .......................................................................................................................................................................................................... 4
00
5.
Total of Lines 1, 2, 3, and 4. ................................................................................................................................................................................ 5
00
6.
Inventory at end of year. ....................................................................................................................................................................................... 6
00
Cost of goods sold. (Enter here and on Line 2, page 1). ..................................................................................................................................... 7
7.
00
8.
Check all methods used for valuing closing inventory.
a.
Cost
b.
Lower of cost or market
c.
Writedown of “subnormal” goods
d. Other: (Specify method used and attach explanation). _____________________________________________________
e. Was the LIFO Inventory Method adopted this tax year for any goods?................................................................................................. e
Yes
No
f.
If you are engaged in manufacturing, did you value your inventory using the Full Absorption Method? ............................................. f
Yes
No
g. Were there any changes in determining quantities, cost or valuations between opening and closing inventories?
(If yes, attach explanation) . ......................................................................................................................................................................... g
Yes
No
SCHEDULE B:
BALANCE SHEET
ASSETS
BEGINNING OF YEAR
END OF YEAR
Cash. ...............................................................................
Accounts Receivable. .......................................................
a.
Minus allowance for bad debts. .........................
Inventories. .....................................................................
Government obligations. .................................................
Other current assets. .......................................................
Mortgage and real estate loans. ......................................
Other investments. ..........................................................
Buildings and other depreciable assets. ..........................
a.
Minus accumulated depreciation. .......................
Depletable assets. ...........................................................
a.
Minus accumulated depletion. ...........................
Other assets. ...................................................................
TOTAL ASSETS. ..........................................................
LIABILITIES AND CAPITAL
BEGINNING OF YEAR
END OF YEAR
Accounts Payable. ...........................................................
Mortgages, notes and bonds payable. ............................
Other current liabilities. ...................................................
All nonrecourse loans. ....................................................
Other liabilities. ...............................................................
Partner’s capital accounts. ...............................................
TOTAL LIABILITIES AND CAPITAL. .........................
AR1050 Back (R 8/98)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial