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QUESTION

The partnership of Tito Bea realized the following items of income during the current year:Net income

The partnership of Tito & Bea realized the following items of income during the current year:

Net income

from sales $62,000

Dividends from domestic corporations 4,000

Interest on corporate bonds          3,000

Net long-term capital gains           5,000

Net short-term capital gains          1,000

Net rental income                   7,000

The total income that should be reported as ordinary income of the partnership for the current year is

Question 15 options:

62,000

69,000

72,000

76,000

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