Question: Return to resto 5 LO 1 Probleme Module Textbook Problem 5 Learning Objective: 9-3 Describe how familles can use partnerships or corporations to shift income
Return to resto 5 LO 1 Probleme Module Textbook Problem 5 Learning Objective: 9-3 Describe how familles can use partnerships or corporations to shift income Delta Partnership has four equal partners. At the beginning of the year, Drew was one of the Delta partners, but on October 1, he told his partnership Interest to Cody Required: Delta's ordinary income for the year was $476.000, what portion of this income should be allocated to Drew, and what portion should be e allocated to Cody? (Assume 365 days in a year. Round income per day of ownership to 4 decimal places. Hound your final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct Amount Drew's com 5 80.005 Cody's name
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