Alex is a tax accountant at KPMG. She loves her cat, Grim, so much that...
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Accounting
Alex is a tax accountant at KPMG She loves her cat, Grim, so much that she decided to invest in Kitty LP an animal shelter partnership where they save and facilitate adoption for cats On January she took out a loan for $ to purchase a building to be used for investment purposes. In she also:
received $ salary for her job as a tax staff.
received $ flowthrough income from his investment in Kitty LP
paid $ in interest expense related to the loan for the building.
a What is her investment income in
b What is her potential investment interest expense in
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