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What is B Share of the net Income

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Question 1: A, B, and C are partners who contributed : A $50,000; B $30,000 and C $20,000. The Partnership Agreement specifies that profit is to be shared in proportion to contributed capital. If the partnership earned a net income of $40,000 in 2018. What is B's Share of the net Income?

Option a. $20,000

Option b. $18,000

Option c. $12,000

Option d. $8,000

Option e. None of the above.

Reference no: EM132582237

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