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QUESTION 30 Green and Blue formed a partnership in 2020. The partnership agreement provides for annual salary allowances of $75,000 for Green and $45.000
QUESTION 30 Green and Blue formed a partnership in 2020. The partnership agreement provides for annual salary allowances of $75,000 for Green and $45.000 for Blue. The partners share profits and losses in a 70.30 ratio. The partnership had earnings of $80,000 for 2020 before any allowance to partners After allocating eamings to each partner in 2020, what is Green's ending capital balance? O $47,000 $33,000 O $103,000 O $57,000
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