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:

Responsible Investment

An approach to investing that seeks to incorporate environmental, social, and governance (ESG) factors into investment decisions, aiming to generate sustainable, long-term returns.

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GRI Framework

A set of standardized guidelines assisting companies in preparing and disclosing their economic, environmental, and social performance.