The partnership of Felix and Oscar had the following items of income during the taxable year ended December 31, 2015.
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 2015?
a. $156,000
b. $174,000
c. $176,000
d. $182,000
Answer: A
CPA Exam
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