The partnership of Lane, Murdock, and Nu divides profits in the ratio of 4:5:3. During 19X6 the

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The partnership of Lane, Murdock, and Nu divides profits in the ratio of 4:5:3. During 19X6 the business earned \(\$ 40,000\). John Nu's share of this income is (pp. 525-526)

a. \(\$ 10,000\)

b. \(\$ 13,333\)

c. \(\$ 16,000\)

d. \(\$ 16,667\)

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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