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please show workings and explanation. 10. Cassandra is a 10% limited partner in C&C, Ltd. Her basis in the partnership is $80,000 and she has
please show workings and explanation. 
10. Cassandra is a 10% limited partner in C&C, Ltd. Her basis in the partnership is $80,000 and she has an at risk investment of $45,000. She also has a passive income from another investment of $30,000. Cassandra allocated share of C & C loss for the year is $120,000. How much of the loss from C&C may Cassandra deduct
please show workings and explanation.
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
