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ABC LLC Reported the Following Items on the LLC's Schedule

Question 220

Multiple Choice

ABC LLC reported the following items on the LLC's Schedule K: ordinary income, $100,000; interest income, $3,000; long-term capital loss, ($4,000) ; charitable contributions, $1,000; AMT depreciation adjustment, $10,000; and cash distributions to partners, $50,000. How much will ABC show as net income (loss) on its Analysis of Income (Loss) ?


A) $68,000
B) $78,000
C) $95,000
D) $98,000
E) $102,000

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