Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. schedule k-1 (form 1065) is used to report: a) tot

schedule k-1 (form 1065) is used to report: a) Total partnership income, deductions, and credits...

70.2K

Verified Solution

Question

Accounting

schedule k-1 (form 1065) is used to report:

a) Total partnership income, deductions, and credits from the operation of the partnership.

B) Each partner's share of a partnership's passive income, deductions and credits.

C) Each partner's share of a partnership's distributed income, deductions, and credits. Undistributed income is not included.

D) Each partner's share of a partnerships distributed and undistributed income, gain, losses, deductions, and credits

Pretty sure it is not A !!!! and I think it is D. Help please

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The lymphatic system includes our bodies' defenses against infections. AIDS, Leukemia, many autoimmune disorders, and allergies are...

Medical Sciences
Q

16. Write the balanced molecular equation, the ionic equation and the net ionic equation for the...

Chemistry
Q

A buffer solution is prepared by mixing 20.0 mL 0.45M HAc (acetic acid) with 35.0 mL...

Chemistry
Q

Q3 [17% ] Let X be a set and A a ?-algebra of subsets of...

Advance Math
Q

Which histogram depicts a higher standard deviation Frequency 10 8 6 0 30 40 50...

Statistics
Q

The letters x and y represent rectangular coordinates Write the given equation using polar coordinates...

Algebra
Q

Congress has enacted two special rules under MACRS, immediate expensing (179) and additional first year...

Accounting
Q

() Dr. Bob sets up a new company, Alpha Electronics, producing specialized but...

Accounting
Q

What process is used to assign costs in an ABC system? Provide numerical example

Accounting
Q

Pharoah Inc. is a construction company specializing in custom patios. The patios are constructed of...

Accounting
Q

Eclipse Corp. is considering taking over a contaminated building site on a former mining site....

Accounting
Q

Prepare a departmental contribution to overhead report. Based on contribution to overhead, should the electric...

Accounting