ACC 455 Week 5 DQ 2 Austin & Becker is an electing large partnership. During the current year, the partnership has the following income, loss, and deduction items: Ordinary income $5,200,000; Rental loss (2,000,000); Long-term capital loss from investments; (437,100) Short-term capital gain from investments 827,400; Charitable contributions 164,000 a. What ordinary income will Austin & Becker report? b. What are the separately stated items for Austin & Becker?
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