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Partnership net income of $68,000 is to be divided between two partners, Veronica Hansen and Cecilia Robinson, according to the following arrangement: There will be
Partnership net income of $68,000 is to be divided between two partners, Veronica Hansen and Cecilia Robinson, according to the following arrangement: There will be salary allowances of $25,000 for Hansen and $18,000 for Robinson, with the remainder divided 60% to Hansen and 40% to Robinson. How much of the net income will be distributed to Hansen and Robinson, respectively? Multiple Choice $25,000 and $18,000 $37,500 and $30,500 $40,000 and $28,000 $12,500 and $12,500 Partnership net income of $68,000 is to be divided between two partners, Veronica Hansen and Cecilia Robinson, according to the following arrangement: There will be salary allowances of $25,000 for Honsen and $18,000 for Robinson, with the remainder divided 60% to Hansen and 40% to Robinson. How much of the net income will be distributed to Hansen and Robinson, respectively? Muttiple Choice $25,000 and $18,000 537,500 and 530,500 $40,000 and $28.000 $12,500 and $12,500
Partnership net income of $68,000 is to be divided between two partners, Veronica Hansen and Cecilia Robinson, according to the following arrangement: There will be salary allowances of $25,000 for Hansen and $18,000 for Robinson, with the remainder divided 60% to Hansen and 40% to Robinson. How much of the net income will be distributed to Hansen and Robinson, respectively? Multiple Choice $25,000 and $18,000 $37,500 and $30,500 $40,000 and $28,000 $12,500 and $12,500
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