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Duo Partnership Reports the Following Items for the Year

Question 1196

Multiple Choice

Duo Partnership reports the following items for the year: Duo Partnership reports the following items for the year:   In addition to reporting separately stated items on the Form 1065, Duo will report ordinary income of A)  $300,000. B)  $420,000. C)  $310,000. D)  $400,000. In addition to reporting separately stated items on the Form 1065, Duo will report ordinary income of


A) $300,000.
B) $420,000.
C) $310,000.
D) $400,000.

Correct Answer:

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