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Frick and Frack are equal partners in F&F Industries. The company generated net income of $ 6 0 , 0 0 0 during the year
Frick and Frack are equal partners in F&F Industries. The company generated net income of $ during the year and distributed $ cash to both Frick and Frack. How much income should Frack report on his individual income tax return due to the partnership interest?
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