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Multiple Choice 10-11 Partnership Income Reporting (LO 10.3) When calculating ordinary income, partnerships are not...

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Accounting

Multiple Choice 10-11 Partnership Income Reporting (LO 10.3)

When calculating ordinary income, partnerships are not allowed which of the following deductions?

a.Depreciation

b.Employee wages

c.Miscellaneous expenses

d.Qualified business income deduction

e.Cost of goods sold

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