Question
Lisa is a 30% partner in Darlene's Deli. She is to receive a guaranteed payment of no less than $10,000. If the partnership's ordinary income
Lisa is a 30% partner in Darlene's Deli. She is to receive a guaranteed payment of no less than $10,000. If the partnership's ordinary income before deducting the guaranteed payment is $40,000, what is Lisa's distributive share?
$9,000
$10,000
$12,000
$22,000
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Management And Cost Accounting
Authors: Mike Tayles, Colin Drury
11th Edition
147377361X, 978-1473773615
