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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
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. 9,000 e b. 15,000 C. 18,000 d. 6,000 - In partnership liquidation the first cash distribution to the partner should be made in accordance with the Select one: a. Partners profit &loss ratios b. Safe payment schedule c. Ratio of the capital contribution by partners d Balances of partners' capital accounts if C partner purchased 100% of Z Partner capital from his own money the debit side in journal entry will be Select one: a. C Capital b. partnerships capital 6. Z Capital d. cash
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