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9. The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2010. (cpa adapted) Income from
9. The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2010. (cpa adapted) Income from operations $156,000 Tax-exempt interest income 8,000 Dividends from foreign corporations 6,000 Net rental income 12,000 What is the total ordinary income of the partnership for 2010? a. $156,000 b. $174,000 c. $176,000 d. $182,000
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
17th Edition
1260247783, 978-1260247787
