Question
Partners: PARTNERSHIP INCOME DISTRIBUTION: For partnership B, the original capital balances for the three Partner A 100,000, Partner B 200,000 and Partner C 300,000. If
Partners: PARTNERSHIP INCOME DISTRIBUTION: For partnership B, the original capital balances for the three Partner A 100,000, Partner B 200,000 and Partner C 300,000. If the interest on original capital b balances is at the rate of 10%, how much is the interest on Partner Bs the original capital balance?
| a. 200,000 | ||
| b. 30,000 | ||
| c. 20,000 | ||
| d. 10,000 | ||
| e. None of the above |
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
2nd edition
978-0077403485, 77403487, 73527130, 978-0073527130
