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Assume that there are three partners in a partnership, A, B, and C. Partner C provides services to the partnership and is entitled to. A

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Assume that there are three partners in a partnership, A, B, and C. Partner C provides services to the partnership and is entitled to. A salary of 90,000. Assume that the partnership revenue less expenses (excluding the salary paid to C) is 480,000. Finally assume that the partnership agreement provides for a sharing ratio of 40:40:20 for Partners A, B, and respectively. How much profit should be allocated to each partner? a. Partner A gets 156,000, partner B gets 156,000, and partner C gets 168,000 b. Partner A gets 160,000, partner B gets 160,000, and partner gets 160,000 c. Partner A gets 190,000, partner B gets 190,000, and partner C gets 190,000 d. Partner A gets 192,000, partner B gets 192,000, and partner C gets 96,000 None of the above e

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