Salaries to partners of a limited liability partnership typically should be accounted for as: Select one:

a. Drawings by the partners from the partnership.

b. Reductions of the partners capital account balances.

c. A device for sharing net income.

d. An operating expense of the partnership.

The income-sharing provision of the contract that established Early & Farber LLP provided that Early was to receive a bonus of one tenth of income before deduction of the bonus, with the remaining income distributed 40% to Early and 60% to Farber. If income before the bonus of Early & Farber LLP was $300,000 for the fiscal year ended August 31,2020, the Early bonus is: Select one:

a. $27,333.

b. $30,000.

c. $27,000.

d. $33,333.