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Rice,Hepburn and DiMarco Formed a Partnership with Rice Contributing $60,000,Hepburn

Question 71

Multiple Choice

Rice,Hepburn and DiMarco formed a partnership with Rice contributing $60,000,Hepburn contributing $50,000,and DiMarco contributing $40,000.Their partnership agreement called for the income (loss) division to be based on the ratio of capital investments.If the partnership had income of $75,000 for its first year of operation,what amount of income (rounded to the nearest dollar) would be credited to DiMarco's capital account?


A) $20,000
B) $25,000
C) $30,000
D) $40,000
E) $75,000

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