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Business, 10.05.2021 23:20 avahrider1

Bevo Partnership had the following financial activity for the year: Gross receipts from sales $ 860,000 Cost of goods sold (390,000 ) Operating expenses (180,000 ) Business meals and entertainment (20,000 ) Section 1231 gain on equipment sale 5,000 Distribution to partners (75,000 ) Compute Bevo's ordinary business income for the year Group of answer choices $280,000 $270,000 $205,000 $195,000

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