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Funky Chicken Is a Calendar Year General Partnership with the Following

Question 77

Multiple Choice

Funky Chicken is a calendar year general partnership with the following current year information:= Funky Chicken is a calendar year general partnership with the following current year information:= On January 1 June Cross bought 60% of Funky Chicken for $45,000.How much of the operating loss may Cross deduct currently? A) $57,000 B) $80,000 C) $65,000 D) $75,000 On January 1 June Cross bought 60% of Funky Chicken for $45,000.How much of the operating loss may Cross deduct currently?


A) $57,000
B) $80,000
C) $65,000
D) $75,000

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