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MsG Obtained a 40 Percent Interest in Business H on January

Question 2

Multiple Choice

Ms.G obtained a 40 percent interest in business H on January 1 of the current year for $90,000.At the end of the year, H had the following information: Ms.G obtained a 40 percent interest in business H on January 1 of the current year for $90,000.At the end of the year, H had the following information: If H is a C corporation, G's A.G.I, at the end of the year is A) $4,400. B) $5,600. C) $5,600 D) $4,400 If H is a C corporation, G's A.G.I, at the end of the year is


A) $4,400.
B) $5,600.
C) $5,600
D) $4,400

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