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The distribution of cash to partners in a partnership liquidation is made based on the partners' income sharing ratio Select one: O True False Sameer
The distribution of cash to partners in a partnership liquidation is made based on the partners' income sharing ratio Select one: O True False Sameer and Sami are two partners in partnerships, divided profit & loss 5:3 respectively, at the year ended 2018 the net income of the partnership $ 60,000 if Sameer received $ 40,000 Bonus and Sami received $ 4000 salary for managing the partnership what are the share of Sameer from remaining profit Select one: a. 10,000 b. 6,000 O c. 46,000 d. 16,000
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