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Question 10 Not yet answered Marked out of 1.00 Flag question The NBC Company reports net income of $30,000. If partners N, B, and C
Question 10 Not yet answered Marked out of 1.00 Flag question The NBC Company reports net income of $30,000. If partners N, B, and C have an income ratio of 50%, 30%,and 20%, respectively, B share of the net income is: Select one: a. 15,000 b. 9,000 c. 18,000 d. 6,000 The ABC partnership reported net income of $130,000 for the year ended December 31, 2008. According to the partnership agreement, partnership profits and losses are to be distributed as follows: A B C salaries 25000 20000 15000 Bonus on net income 10% Remainder 60% 30% 10% How should partnership net income for 2008 be allocated to A, B, and C? A B A) 78000 39000 13000 B) 72200 37100 20700 52500 75000 22500 D) 42500 42500 65000 Select one: a. A A) 78000 39000 13000 O b. A C) 52500 75000 22500 C. A D) 42500 42500 65000 d. A B C 37100 20700 72200
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