Multiple Choice
Franco, Maria and Gomez entered into a partnership to buy a steel manufacturing plant. They agreed to distribute profits in the same proportion as their respective capital investments in the partnership. How will recent period's profit of $287 800 be allocated to Maria, if Franco's capital investment shows a balance of $34 million, Maria's shows $49 million and Gomez's shows $54.5 million?
A) $75 165
B) $102 561
C) $114 074
D) $257 800
E) $110 000
Correct Answer:
Verified
Correct Answer:
Verified
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