Multiple Choice
The average capital balances of partners Bridget and Emily are $5,000 and $15,000,respectively.Bridget and Emily work full time in the business.The business earned net income of $12,000 for the period.The partners have agreed to share earnings based upon the percentage of original investment.Bridget's share of the net income is:
A) $4,000.
B) $6,000.
C) $3,000.
D) indeterminable.
Correct Answer:
Verified
Correct Answer:
Verified
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