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  3. in january, a and b contribute cash equally to for

In January, A and B contribute cash equally to form the YZ Partnership. A and...

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Accounting

In January, A and B contribute cash equally to form the YZ Partnership. A and B share profits and losses in a ratio of 75% to 25%, respectively. This year, the partnerships ordinary income was $40,000. A distribution of $5,000 was made to A during the year. What amount of ordinary income should A report from the Z Partnership for this year?

Group of answer choices

$ 5,000

$10,000

$20,000

$30,000

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