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G has 20% interest in the LLC. giriesenheqs to nos G's share of SS items LLC isq $115,000 11,000 12,000 8,000 7,000 13,000 Sales revenue Long-term capital gain Cost of goods sold Depreciation - MACRS Employee wages Rent expense Municipal bond interest Jestoni girla1906,000 Short-term capital gains Guaranteed payment to S LLC's ordinary income or loss? 4,000 5,000

G has 20% interest in the LLC. giriesenheqs to nos G's share of SS items LLC isq $115,000 11,000 12,000 8,000 7,000 13,000 Sales revenue Long-term capital gain Cost of goods sold Depreciation - MACRS Employee wages Rent expense Municipal bond interest Jestoni girla1906,000 Short-term capital gains Guaranteed payment to S LLC's ordinary income or loss? 4,000 5,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Qq.11.

Subject :- Account

G has 20% interest in the LLC. qiriesenheq s to nous G's share 1859LLC of SS items Sales revenue Long-term capital gain Cost of goods sold Depreciation - MACRS Employee wages Rent expense Municipal bond interest Short-term capital gains Guaranteed payment to S LLC's ordinary income or loss? 10 $115,000 11,000 12,000 8,000 7,000 13,000 12s19uni qirlane 6,000 4,000 5,000 orax co
Transcribed Image Text:G has 20% interest in the LLC. qiriesenheq s to nous G's share 1859LLC of SS items Sales revenue Long-term capital gain Cost of goods sold Depreciation - MACRS Employee wages Rent expense Municipal bond interest Short-term capital gains Guaranteed payment to S LLC's ordinary income or loss? 10 $115,000 11,000 12,000 8,000 7,000 13,000 12s19uni qirlane 6,000 4,000 5,000 orax co
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