Lloyd and Harry,equal partners,form the Ant World Partnership.During the year,Ant World had the following revenue,expenses,gains,losses,and distributions:
Given these items,what amount of ordinary business income (loss)and what separately-stated items should be allocated to each partner for the year?

Question

Lloyd and Harry,equal partners,form the Ant World Partnership.During the year,Ant World had the following revenue,expenses,gains,losses,and distributions:
  Given these items,what amount of ordinary business income (loss)and what separately-stated items should be allocated to each partner for the year?

Quizplus · Accepted Answer

The Answer of Lloyd and Harry,equal partners,form the Ant World Partnership.During the year,Ant World had the following revenue,expenses,gains,losses,and distributions:
  Given these items,what amount of ordinary business income (loss)and what separately-stated items should be allocated to each partner for the year?

Lloyd and Harry,equal Partners,form the Ant World Partnership