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At the end of the year, Katherine's adjusted basis in ABC Partnership is $10,000 and she receives a cash distribution of $25,000. How much income

At the end of the year, Katherine's adjusted basis in ABC Partnership is $10,000 and she receives a cash distribution of $25,000. How much income must she recognize because of the cash received? Select one: a. $10,000 b. $15,000 c. $20,000 d. $0

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