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Steve and Roger Allocate 2/3 of Their Partnership's Profits and Losses

Question 157

Multiple Choice

Steve and Roger allocate 2/3 of their partnership's profits and losses to Steve and 1/3 to Roger.If the net income of the firm is $30,000,calculate Roger's share of net income.(Do not round any intermediate calculations.)


A) $20,000
B) $10,000
C) $30,000
D) $25,000

Correct Answer:

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