Item F. Total Assets

Enter the corporation’s total assets (as determined by the accounting method regularly used in keeping the corporation’s books and records) at the end of the tax year. If there were no assets at the end of the tax year, enter -0-.

If the corporation is required to complete Schedule L, enter total assets from Schedule L, line 15, column (d), on Form 1120S, page 1, item F. If the S election terminated during the tax year, see the instructions for Schedule L, later, for special rules that may apply when figuring the corporation’s year-end assets.