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  1. business
  2. accounting
  3. for each of the following items incurred by the kl

For each of the following items incurred by the KLT partnership indicate whether it is...

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Question

Accounting

For each of the following items incurred by the KLT partnership indicate whether it is ordinary business income or loss (OBI) or a separately stated item (SSI):

a) Gross Sales

b) Cost of goods sold

c) Section 1231 losses

d) Tax exempt income

e) Guaranteed payments to partners

f) Dividend income

g) Charitable contributions

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