For each of the following items incurred by the KLT partnership indicate whether it is...
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Accounting
For each of the following items incurred by the KLT partnership indicate whether it is ordinary business income or loss (OBI) or a separately stated item (SSI):
a) Gross Sales
b) Cost of goods sold
c) Section 1231 losses
d) Tax exempt income
e) Guaranteed payments to partners
f) Dividend income
g) Charitable contributions
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