Demarcus is a 50 partner in the dj partner. dj has taxable, Ask an Expert

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Demarcus is a 50% partner in the DJ partner. DJ has taxable income for the year of $200,000. Demarcus received a $75,000 distribution from the partnership. What amount of income related to DJ must Demarcus recognize?

A) $200,000

B) $75,000

C) $100,000

D) $37,500

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9404178

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