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Partnership Formation ( LO 1 0 . 2 ) A partner's interest in a partnership is increased by: a . Losses of the partnership. b

Partnership Formation (LO 10.2)
A partner's interest in a partnership is increased by:
a. Losses of the partnership.
b. Tax-exempt interest earned by the partnership.
c. Distributions by the partnership.
d. Capital losses of the partnership.
e. None of these choices are correct.
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