How much income must barry report from these businesses


Barry owns a 30% interest in a partnership that earned $300,000 this year. He also owns 30% of the stock in a C corporation that earned $300,000 during the year. The partnership did not make any distributions and the corporation did not pay any dividends. How much income must Barry report from these businesses?

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Accounting Basics: How much income must barry report from these businesses
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