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McQs Right option only: Partners Evans and Meloy are provided salary allowances of $30,000 and $25,000, respectively. They divide the remainder of the partnership income
McQs Right option only:
Partners Evans and Meloy are provided salary allowances of $30,000 and $25,000, respectively. They divide the remainder of the partnership income in a ratio of3 : 2. If partnership net income is $55,000, how much is allocated to Evans and Meloy? *
2 points
Evans $33,000 and Meloy $22,000
Evans $30,000 and Meloy $25,000
Evans $24,000 and Meloy $21,000
Evans $66,000 and Meloy $44,000
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