The partnership of Tito & Bea realized the following items of income during the current year:
Net income
from sales $62,000
Dividends from domestic corporations 4,000
Interest on corporate bonds 3,000
Net long-term capital gains 5,000
Net short-term capital gains 1,000
Net rental income 7,000
The total income that should be reported as ordinary income of the partnership for the current year is
Question 15 options:
62,000
69,000
72,000
76,000
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