27. The partnership of Felix and Oscar had the following items of income during the...
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27. The partnership of Felix and Oscar had the following items of income during the current tax year: Income from operations $157,000 Tax-exempt interest income 8,000 Dividend income 6,000
What is the total ordinary income from business activities passed through by the partnership for the current tax year? a. $157,000 b. $156,000 c. $165,000 d. $110,000 e. None of these choices are correct.
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