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Edward owns a 70% interest in the capital, profits, and losses of the Edward and Moore Partnership. During the year, Edward purchases surplus inventory from the partnership for $5,000. On the date of the sale, the inventory has an adjusted basis to the partnership of $8,000. For the year, the partnership's ordinary income is $50,000 after including the loss on the sale of the inventory to Edward. Assuming that there are no other partnership items to be separately stated, what is Edward's distributive share of the partnership's ordinary income for the year?
Lymphocyte Activity
The roles and behaviors of lymphocytes, a type of white blood cell, in the immune system, including recognizing and combating pathogens.
Microorganisms
Tiny living organisms that can only be seen with a microscope, including bacteria, viruses, and fungi, among others.
Memory Cells
A type of immune cell that remains in the body for long periods, ready to quickly respond to previously encountered antigens.
Antibodies
Proteins produced by the immune system that recognize and neutralize foreign objects like bacteria and viruses.
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