The partnership of Truman and Hanover realized the following items of income during the year ended December 31,2013: Net income from operations
Dividends from domestic corporations
Interest on corporate bonds
Net long-term capital gains
Net short-term capital gains Both the partners are on a calendar year basis.What is the total income which should be reported as ordinary income from business activities of the partnership for 2013?
A) $62,000
B) $65,000
C) $69,000
D) $70,000
E) None of the above
Correct Answer:
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