Question
For partnership D, if Partner As salary allowance is 100,000 and Partner As interest on original capital balance is 20,000 and Partner As share of
For partnership D, if Partner A’s salary allowance is 100,000 and Partner A’s interest on original capital balance is 20,000 and Partner A’s share of the remainder of the partnership’s net income is 30,000, how much is Partner A’s total share of the partnership’s net income?
A.. 170,000
B. 150,000
C. 120,000
D. 100,000
E. None of the above
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
