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    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 17: Partnerships and S Corporations
  5. Question
    Ordinary Income May Result If a Partnership Has Unrealized Receivables
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Ordinary Income May Result If a Partnership Has Unrealized Receivables

Question 1

Question 1

True/False

Ordinary income may result if a partnership has unrealized receivables or inventory items when a partnership interest is sold.

Correct Answer:

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