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Partner Taryn and Tine have agreed to share profits and losses in a 80:20 ratio respectively after Taryn is allowance a salary allowance of $
Partner Taryn and Tine have agreed to share profits and losses in a 80:20 ratio respectively after Taryn is allowance a salary allowance of $ 30.000 and Tine is allowed a salary allowance of $ 15.000. If the partnership had net income of $ 30.000for 2017. Tine's share of the income would be
A) $ 3.000
B) $ 15.000
C) $ 12.000
D) $ 18.000
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