Discussion:1120 Sch L

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Discussion Forum Index --> Accounting Questions --> 1120 Sch L

Taxoncall (talk|edits) said:

14 July 2008
Please explain what adjustment to shareholder equity on schedule L of form 1120 used for.

Kevinh5 (talk|edits) said:

14 July 2008
Line 26(d): Enter adjustments to shareholders’ equity on this line. Possible items that would be reported here consist of the following:

􀂄 Unrealized gains or losses on securities held “available for sale.”

􀂄 Foreign currency translation adjustments.

􀂄 The excess of additional pension liability over unrecognized prior service cost.

􀂄 Guarantees of employee stock (ESOP) debt.

􀂄 Compensation related to employee stock award plans

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