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Dividends from foreign corporations 6000 tax-exempt

Question - The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2010.

Income from operations $156,000

Tax-exempt interest income 8,000

Dividends from foreign corporations 6,000

Net rental income 12,000

What is the total ordinary income of the partnership for 2010?

a. $156,000

b. $174,000

c. $176,000

d. $182,000

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Accounting Basics: Dividends from foreign corporations 6000 tax-exempt

Reference No:- TGS02614340

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