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In January, A and B contribute cash equally to form the YZ Partnership. A and B share profits and losses in a ratio of 75%
In January, A and B contribute cash equally to form the YZ Partnership. A and B share profits and losses in a ratio of 75% to 25%, respectively. This year, the partnerships ordinary income was $40,000. A distribution of $5,000 was made to A during the year. What amount of ordinary income should A report from the Z Partnership for this year?
Group of answer choices
$ 5,000
$10,000
$20,000
$30,000
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