Screen OKFTBS - Oklahoma Franchise Balance Sheet (1120)

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Net Assets

Percentage of Oklahoma assets (Force)
The application automatically calculates the percentage of Oklahoma assets that is most beneficial to the client. To change the calculated percentage of assets, enter a code from the following table or select a code from the fieldview.
Code
Description
Destination
1
Option 1
Form 200, Page 1, line 9; Form 512 or 512-S, Page 6, line 9 is calculated as Oklahoma assets and business done (line 6) divided by total assets and business done (line 8).
2
Option 2
Form 200, Page 1, line 9; or Form 512 or 512-S, Page 6, line 9 is calculated as Oklahoma net assets (line 1) divided by Total net assets (line 2).
Cash / … / Bank holding company stock in subsidiary bank
The amounts in the
Everywhere
column default to federal amounts when information is available, and only the items entered in the Oklahoma column are treated as Oklahoma balance sheet amounts. If the amounts in the
Oklahoma
column are blank, they default to federal amounts when available and are treated as 100 percent within Oklahoma.

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