Multiple Choice
Partners Jessica and Jill receive salary allowances of $5,000 and $10,000,respectively.They share income and losses in a 3:1 ratio for Jessica and Jill,respectively.If the partnership suffers a $21,000 loss,by how much would Jessica's capital decrease?
A) $15,750
B) $10,750
C) $16,000
D) $22,000
Correct Answer:
Verified
Correct Answer:
Verified
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