Multiple Choice
Franco and Jason share income and losses in a 2:1 ratio after allowing for salaries of $15,000 and $30,000, respectively. If the partnership suffers a $15,000 loss, by how much would Jason's capital account increase?
A) $10,000
B) $20,000
C) $40,000
D) $25,000
Correct Answer:
Verified
Correct Answer:
Verified
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