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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Question Posted: Jun 10, 2024 01:18 AM

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

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Financial Accounting

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