ABC LLC Reported the Following Items on the LLC's Schedule

question 117

Multiple Choice

ABC LLC reported the following items on the LLC's Schedule K: ordinary income,$100,000; interest income,$3,000; long-term capital loss,($4,000) ; charitable contributions,$1,000; post-1986 depreciation adjustment,$10,000; and cash distributions to partners,$50,000.How much will ABC show as net income (loss) on its Analysis of Income (Loss) ?

• A)$68,000
• B)$78,000
• C)$95,000
• D)$98,000
• E)$102,000