Business, 07.05.2020 02:11 jermainedwards
DIP LLC reports ordinary income (before guaranteed payments) of $122,222, rent expense of $41,222, and interest income of $4,444 for the year. In addition, DIP paid guaranteed payments to partner Percy of $20,555. If Percy owns a 11% capital and profits interest, please compute the amount of ordinary income, interest income and guaranteed payment he will report for the year
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DIP LLC reports ordinary income (before guaranteed payments) of $122,222, rent expense of $41,222, a...
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