Question
Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue $ 49,000 Long-term capital gains $ 3,400) Cost of goods sold
Turtle Creek Partnership had the following revenues, expenses, gains, losses, and distributions: Sales revenue $ 49,000 Long-term capital gains $ 3,400) Cost of goods sold $ (21,650) DepreciationMACRS $ (7,400) Amortization of organization costs $ (1,260) Guaranteed payments to partners for general management $ (13,500) Cash distributions to partners $ (3,800) rev: 11_08_2021_QC_CS-284862 Problem 09-58 Part b (Algo) b. What are Turtle Creeks separately stated items for the year? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) check all that apply Sales revenue Long-term capital gains unanswered Cost of goods sold unanswered Depreciation MACRS unanswered Amortization of organization costs unanswered Guaranteed payments unanswered Cash distributions unanswered
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