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Tracy Has a 25% Profit Interest and a 20% Loss

Question 75

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Tracy has a 25% profit interest and a 20% loss interest in the Dupont Partnership. The Dupont Partnership reports the following income and loss items for the current year: Tracy has a 25% profit interest and a 20% loss interest in the Dupont Partnership. The Dupont Partnership reports the following income and loss items for the current year:   What is Tracy's distributive share? What is Tracy's distributive share?

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The partnership has a $105,000 ($110,000...

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