Shue,a Partner in the Financial Brokers Partnership,has a 30 Percent

Multiple Choice

Shue,a partner in the Financial Brokers Partnership,has a 30 percent share in partnership profits and losses.Shue's capital account had a net decrease of $100,000 during 20X8.During 20X8,Shue withdrew $240,000 as withdrawals and contributed equipment valued at $50,000 to the partnership.What was the net income of the Financial Brokers Partnership for 20X8?

A) $633,334
B) $466,666
C) $300,000
D) $190,000