Latoya Owns a 10% Interest in the ABC Partnership from January

question 97

Multiple Choice

Latoya owns a 10% interest in the ABC Partnership from January 1 through June 30 (the 181st day of the tax year) of the current year (a non-leap year) . On July 1, Latoya buys an additional 10% interest in the partnership. The XYZ Partnership's ordinary income is $109,500 and it is earned evenly throughout the year. Latoya's distributive share of the ordinary income is

• A)$16,380.
• B)$16,425.
• C)$16,470.
• D)$21,900.

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Definitions:

Industrialized

Describes countries, societies, or economies that have developed extensive manufacturing and industry, often characterized by technological advancement and urbanization.

Generalizability

The extent to which the results of a study can be applied to or affect other settings, groups, or times beyond the original conditions of the study.

Homogeneous Sample

A sample group in research that shares the same or very similar characteristics, ensuring minimal variability among subjects.

Generalizability

The extent to which research findings and conclusions can be applied to other settings or groups beyond the study context.