LMN Partnership Is Owned Equally by R and S, Calendar

question 51

Multiple Choice

LMN Partnership is owned equally by R and S, calendar year taxpayers.The partnership reports on a fiscal year ending October 31.During the calendar year 2010, the partnership earned $1,000 a month.During the calendar year 2012, the partnership earned $2,000 a month.During 2010 and 2012, R withdrew $300 a month.On his personal return for 2012, R will report income from the partnership of

• A)$1,800
• B)$3,500
• C)$11,000
• D)$12,000

Understand the relationship between transmission components, including input shafts and their connections.

Know the correct procedures and conditions for checking Automatic Transmission Fluid (ATF) levels.

Understand gear ratios and their applications in drivetrains.

Identify the location and function of transmission coolers in vehicle cooling systems.

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