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The general rule regarding income and expense items of a partnership and their classification is: O All income and expense items of a partnership are

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The general rule regarding income and expense items of a partnership and their classification is: O All income and expense items of a partnership are treated as ordinary income/expense items All income and expense items o a partnership that may be treated differently at the partner level must be separaty stated O All income and expense items of a partnership are treated as separately stated items. O All income and expense items of a partnership are treated as capital income or losses

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