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The XYZ Partnership Reports the Following Operating Results for the Current

Question 87

Multiple Choice

The XYZ Partnership reports the following operating results for the current year: The XYZ Partnership reports the following operating results for the current year: Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership. His distributive share of ordinary income is A) $6,800. B) $8,500. C) $10,000. D) $12,500. Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership. His distributive share of ordinary income is


A) $6,800.
B) $8,500.
C) $10,000.
D) $12,500.

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