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on 20 et ered Partners Eli and Alex have agreed to share profits and losses in an 80:20 ratio respectively, after Eli is allowed a

on 20 et ered Partners Eli and Alex have agreed to share profits and losses in an 80:20 ratio respectively, after Eli is allowed a salary allowance of $70,000 and Alex is allowed a salary allowance of $35,000. If the partnership had net income of $70,000 for 2017, Alex's share of the income would be ed out of Tag question O a $35,000 O b. $7,000 OC. $42,000 O d. $28,000 Previous page

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