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Hoki Poki, a cash-method general partnership, recorded the following items for its current tax year: As part of preparing Hoki Poki's current-year return, identify the
Hoki Poki, a cash-method general partnership, recorded the following items for its current tax year: As part of preparing Hoki Poki's current-year return, identify the items that should be included in computing its ordinary business income (loss) and those that should be separately stated. [Hint: See Schedule K-1 and related preparer's instructions at www.irs. gov.] If you determine an item to be an ordinary income item, include the amount to be able to calculate ordinary income. Note: Negative amounts should be entered with a minus sign. Leave no answer blank. Enter zero if applicable
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