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Stan Rockford has the following passive activity items: Current-year passive income and loss amounts: $10,000...

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Accounting

Stan Rockford has the following passive activity items: Current-year passive income and loss amounts: $10,000 CHI ($7,000) JKL ($8,000) RST What is the net income reported this year for the private interest activity? A. $0 B. ($2,500) C. ($3,000) D. ($5,000)

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