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PARTNERSHIP INCOME DISTRIBUTION: For partnership X, if the total partnership net income is 800,000, total partners salary allowances are 300,000, and total interest on the

PARTNERSHIP INCOME DISTRIBUTION: For partnership X, if the total partnership net income is 800,000, total partners salary allowances are 300,000, and total interest on the partners original capital balances is 400,000, how much is remainder of the partnerships net income?

		a. 800,000
		b. 400,000
		c. 300,000
		d. 100,000
		e. None of the above

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