partners t greer and r parks are provided slalary allowances of 30,000 dollars and 25,000...

80.2K

Verified Solution

Question

Accounting

partners t greer and r parks are provided slalary allowances of 30,000 dollars and 25,000 dollars respectively they divide the remainder of the partnership income in a ratio of 3:2 if partnership net income is 40,000 how much is allocated to greer and parks?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students