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capital and profits interest, how much income will he report for the year and what...

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Accounting

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capital and profits interest, how much income will he report for the year and what is its character? a. $24,000 ordinary income, $1,600 interest income, $20,000 guaranteed payment. b. $32,000 ordinary income, $1,600 interest income. c. $32,000 ordinary income, $1,600 interest income, $20,000 guaranteed payment. d. $24,000 ordinary income

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