LO.5 Dexter, a partner in the Warbler Partnership, uses the cash method of accounting. a. Are the

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LO.5 Dexter, a partner in the Warbler Partnership, uses the cash method of accounting.

a. Are the distributions of earnings by the partnership to Dexter taxed to him? Explain.

b. Would the answer in

(a) change if Dexter was a shareholder and Warbler, Inc., was an S corporation? Explain.

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