A owns 25 of the stock in b corporation which earned 20000, Ask an Expert

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A owns 25% of the stock in B corporation, which earned $20,000 in the current year. A also owns a 25% interest in a partnership, which also earned $20,000 during the year. The corporation did not pay out any dividends, and the partnership did not make any distributions. How much income does A report from each of his businesses?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975041

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