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A and B formed a new partnership. The partnership agreement specified that income should be allocated in a 2 to 1 ratio, with A receiving
A and B formed a new partnership. The partnership agreement specified that income should be allocated in a 2 to 1 ratio, with A receiving the larger portion. If the revenue for the for the first year was $90 000 and expenses were $60 000, how much would be allocated to each partner ? a- A 60 000/B 30 000 b- A 20 000/B 10 000 c- A 40 000/ B 20 000 d- A 45 000/ B 45 000
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