Answered You can hire a professional tutor to get the answer.

QUESTION

Xun, Yue and Zhuo have interests in XYZ Partnership. Partnership income for the year is $400,000.

Xun, Yue and Zhuo have interests in XYZ Partnership. Partnership income for the year is $400,000. The partnership agreement specifies that Xun is to receive an annual salary of $212,500, Yue is to receive an annual salary of $42,500, and Zhuo is to receive an annual salary of $170,000. Any remaining income or loss is to be divided between the three partners in a 1:1:2 ratio. Salaries are to be proportionately implemented.

Partnership income allocated to Zhuo is:

A.$160,000

B.$170,000

C.$180,000

D.$200,000

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question