Multiple Choice
Roberta invests $16,000 for a 10% interest in Bowie Partnership. In the first year of operations, Bowie reports net income from operations of $80,000 and distributes $6,000 cash to Roberta. How much gross income must Roberta recognize from her investment in Bowie?
A) $2,000
B) $6,000
C) $8,000
D) $80,000
Correct Answer:
Verified
Correct Answer:
Verified
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