2011 form 512 test scenario 3 schedulesform 512 test scenario 3 hide ‘n seek foods, inc....
TRANSCRIPT
Form 512 Test Scenario 3
Hide ‘N Seek Foods, Inc. 11-0000002
Test Scenario 3 uses the Federal Form 1120 Test Scenario 2.Deviation: Federal Form 1120, Schedule D, Part II for The Greek Playhouse –
The Long Term Capital Gain transaction will be “Stock – OklahomaCorp.” instead of “Passthru from Partnership”.
Forms Required: 512 pages 1-4 (Parent), 512 pages 2 – 4 (Each Subsidiary), 512-TI,511-CR, 506 (TY 2010), 561C
Additional Schedules:Schedules 1 – 6 as Listed
Binary Attachments: Schedule - Interest Expense Allocation (Hide ‘N Seek Foods,Inc.), Schedule – Bonus Depreciation Adjustment (Hide ‘N Seek Foods, Inc.), ScheduleBonus Depreciation Adjustment (Acme Food Corp)
Schedule 1 Form 512, Page 3, Line 2d, e - Other Additions (OtherAdditions, Amount)Hide ‘N Seek Foods, Inc.
Line 2d Interest Expense Allocation (See Statement) 7,170,953
Schedule 2 Form 512, Page 3, Line 3a, b, c, d Separately Allocated Items(DeductedAllocatedItems, Amount) Hide ‘N Seek Foods, Inc.
Line 3a – Dividends 2,304,041
Line 3c – Capital Gain 103,883
Line 3d – Partnership Income(Loss) (59,869)
Schedule 3 Form 512, Page 3, Line 6a, Oklahoma Allocated Items (OKAllocatedItems,Amount) Hide ‘N Seek Foods, Inc.
Line 6a – Oklahoma Partnership Loss (13,288)
Line 6b – Bonus Depreciation Adjustment (435,887)See Statement
Schedule 4 Form 512, Page 2, Line 26, Other Deductions (OtherDeductions, StateAmount) The Greek Playhouse
Commissions 6,154Travel / Lodging 12,542
Form 512 Test Scenario 3
Hide ‘N Seek Foods, Inc. 11-0000002Meals / Entertainment 2,469Supplies 7,848Insurance 10,573Communication Expense 6,476Utilities 1,024Miscellaneous 53,667Capital Gain Deduction – Form 561C 220,747Total 321,500
Schedule 5 Form 512, Page 3, Line 3a, b, c Separately Allocated Items(DeductedAllocatedItems, Amount) Acme Food Corp
Line 3a – Net Rental IncomeGross Rents 1,115,864Repairs 35,000Interest 115,000
Net Rental Income 965,864
Line 3b – Partnership Income 50,398,560
Schedule 6 Form 512, Page 3, Line 6a, Oklahoma Allocated Items (OKAllocatedItems,Amount) Acme Food Corp
Line 6a – Oklahoma Partnership Income 155,625
Line 6b – Bonus Depreciation Adjustment (18,445)See Statement
Jan. 01 Dec. 31 2011
Line 11 provides you with the opportunity to make a financial gift from your refund to a variety ofOklahoma organizations. To make a donation press the green button below and select theorganization to which you would like to contribute.
32 ANY STREET ANYTOWN TX 77287
HIDE 'N SEEK FOODS, INC. WASHINGTON, OK 73093
June 15, 1979 01/31/1989
HIDE 'N SEEK FOODS, INC. ANYTOWN, TX PARENT
THE GREEK PLAYHOUSE, INC. ANYTOWN, TX SUB
ACME FOOD CORP ANYTOWN, TX SUB
530,446.00 530,446.00
315,431.00
215,015.00
220,747.00
2,147.00
220,747.00
658,656.00
530,446.00
315,431.00
215,015.00
220,747.00
2,147.00
220,747.00
658,656.00
128,917.00
1,568.00
7,150.00
2,142.00
15,602.00
7,603.00
1,943.00
100,753.00
265,678.00
128,917.00
1,568.00
7,150.00
2,142.00
15,602.00
7,603.00
1,943.00
321,500.00
486,425.00
392,978.00
392,978.00
172,231.00
172,231.00
32 ANY STREET ANYTOWN TX 77287
GREEK PLAYHOUSE MYTOWN, OK
June 15, 1979 06/15/1979
0.0000%
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.0000%
0.0000%
0.0000%
0.0000%
0.0000%
1,000.00
42,165.00
54,176.00
1,522,051.00
2,629,421.00
4,019,637.00
3,867,420.00
179,883.00
28,107,508.00
32,688,421.00
6,871,682.00
966,049.00
1,800,434.00
1,925,982.00
122,305.00
242,495.00 242,495.00
8,025,437.00
12,734,037.00
32,688,421.00
212,850.00
259,054.00
25,000.00 234,054.00
60,505.00
91,179.00
9,960,169.00
4,020,785.00
3,875,213.00 145,572.00
0.00
179,883.00
0.00
36,839,838.00
47,724,050.00
5,984,391.00
17,341,428.00
1,801,000.00
1,902,064.00
256,314.00
242,495.00 242,495.00
8,025,437.00
12,170,921.00
47,724,050.00
0.00
0.00
0.00
12,734,037.00
2,608,349.00
PRIOR PERIOD ADJUSTMENT -3,171,465.00
12,170,921.00 0.00
12,170,921.00
42,165.00
152,217.00
0.00
0.00
24,403,531.00 24,403,531.00
21,212,382.00
3,191,149.00
1,727,325.00
1,115,864.00
50,308,174.00
56,342,512.00
0.00
0.00
2,023,917.00
35,556.00
4,719.00
421,651.00
1,551,702.00
19,262.00
15,814.00
178,987.00
30,731.00
220,417.00
168,604.00
2,397,475.00
7,068,835.00 0.00
49,273,677.00
49,273,677.00
0.00
0.00
32 ANY STREET ANYTOWN TX 77287
ACME FOODS EDMOND, OK
July 1, 1986 01/01/1986
49,273,677.00
1,551,702.00
NET RENTAL INCOME 965,864.00
PARTNERSHIP INCOME 50,398,560.00
10.3905%
-539,045.00
OKLAHOMA PARTNERSHIP INCOME 155,625.00
BONUS DEPRECIATION ADJUSTMENT -18,445.00
789,241.00
1,158,691.00
1,007,168.00
894,529.00
375,896.00
875,269.00
6,983,258.00
14,480,149.00
3,373,208.00
6,323,389.00
24,403,531.00
1,551,702.00
51,364,424.00
-56,009.00
81,171.00
81,171.00
1,947,932.00
2,955,100.00
894,529.00
1,251,165.00
21,463,407.00
24,836,615.00
6,323,389.00
11.8982%
14.1464%
5.1270%
31.1716%
10.3905%
391,497.00
6,124,433.00
108,896.00
5,323,345.00
13,243,250.00
173,784,943.00
12,321,275.00
2,397,053.00
9,432,341.00
4,904,656.00
-150,384,342.00
62,826,137.00
-4,529,750.00
2,316,244.00
325,614.00 325,614.00
2,460,815.00
62,253,214.00
62,826,137.00
-640,975.00
9,903,841.00
147,000.00 9,756,841.00
8,643,170.00
-25,823,010.00
252,505,099.00
16,639,023.00
3,764,235.00 12,874,788.00
0.00
10,370,000.00
5,461,385.00 4,908,615.00
-203,359,768.00
58,864,760.00
-2,745,532.00
1,052,681.00
-41,272,675.00
396,699.00
325,614.00 325,614.00
2,460,815.00
98,647,158.00
58,864,760.00
0.00
0.00
0.00
62,253,214.00
36,198,427.00
PRIOR PERIOD ADJUSTMENT 195,517.00
98,647,158.00 0.00
98,647,158.00
6,015,537.00
9,924,222.00
0.00
4,527,685.00
Company:FEI#:Tax Year: 12/31/2011
Interest Expense Allocation: 710:50-17-51(6) As Filed
Investments - Beg of Year 215,395,809Investments - End of Year 238,370,653
Average Investments 226,883,231
Total Assets - Beg of Year 600,800,894Total Assets - End of Year 754,199,365
Average Total Assets 677,500,130
Ratio of Investments/Total Assets 33.4883%
Interest Expense per Federal Return 21,413,314
Expenses Allocated to Non-Taxable Income 7,170,953
Company:FEI#:Tax Year: 12/31/2011
Bonus Depreciation Adjustment:
BONUS DEPRECIATION CLAIMED ON FEDERAL RETURN - 2009 10,163,988
ADD BACK TO FEDERAL INCOME - Form 512, Page 3 - Line 2(e) 80% 8,131,190
OKLAHOMA APPORTIONMENT PERCENTAGEFOR 2009 (YEAR OF THE ADDBACK) 21.4427%
APPORTIONED AMOUNT OF ADDBACK 1,743,547
2010 2011 2012 2013SUBSEQUENT YEAR SUBTRACTION 25% 435,887 435,887 435,887 435,887
(FORM 512, PAGE 3, SCH. B - LINE 6(b))
Company:FEI#:Tax Year: 12/31/2011
Bonus Depreciation Adjustment:
BONUS DEPRECIATION CLAIMED ON FEDERAL RETURN - 2009 887,576
ADD BACK TO FEDERAL INCOME - Form 512, Page 3 - Line 2(d) 80% 710,061
OKLAHOMA APPORTIONMENT PERCENTAGEFOR 2009 (YEAR OF THE ADDBACK) 10.3905%
APPORTIONED AMOUNT OF ADDBACK 73,779
2010 2011 2012 2013SUBSEQUENT YEAR SUBTRACTION 25% 18,445 18,445 18,445 18,445
(FORM 512, PAGE 3, SCH. B - LINE 6(b))
ACME Food Corp11-0000013
Hide 'N Seek Foods, Inc.11-0000002
Hide 'N Seek Foods, Inc.11-0000002