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Business, 09.07.2021 20:10 aydenmasonc

Partnership M, a law partnership, had the following items for the current year: Income from clients $200,000 Repairs 1,000 Depreciation 2,000 Corporate dividends received 500 Other operating expenses 125,000 Charitable contributions 1,500 Sec. 1231 gain on sale of office furniture 1,200 Sec. 1245 gain on sale of office furniture 1,000 What is Partnership M's ordinary income

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