The XYZ Partnership reports the following operating results for the current year:

Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership.His distributive share of ordinary income is
A)$6,800.
B)$8,500.
C)$10,000.
D)$12,500.

Question

The XYZ Partnership reports the following operating results for the current year:

Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership.His distributive share of ordinary income is
A)$6,800. 
B)$8,500. 
C)$10,000. 
D)$12,500.

Quizplus · Accepted Answer

The Answer of The XYZ Partnership reports the following operating results for the current year:

Tai has a 20% profits interest and a 25% loss interest in the XYZ Partnership.His distributive share of ordinary income is
A)$6,800. 
B)$8,500. 
C)$10,000. 
D)$12,500.

The XYZ Partnership Reports the Following Operating Results for the Current