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Partnership M reported the following items: Income from sales Distribution (cash) made to all partners Repair expense Depreciation expense Charitable contribution $180,000 50,000 (total) 9,000
Partnership M reported the following items: Income from sales Distribution (cash) made to all partners Repair expense Depreciation expense Charitable contribution $180,000 50,000 (total) 9,000 25,000 11,500 Partnership M's nonseparately stated ordinary income (loss) for the current year is: a $146,000. b. $134,500. C. $96.000 d $84,500 e. none of the above
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