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What the total amount allocated to each partner for salaries

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Reference no: EM132818222

Problem 1: Partners Lazaro and Orlando share profits in a 2:1 ratio respectively. Each partner receives an annual salary allowance of 12,000. If the salaries are recorded in the accounts of the partnership as an expense rather than treated as an allocation of profit, the total amount allocated to each partner for salaries and net profit would be:

a. less for both Orlando and lazaro

b. unchanged for both lazaro and orlando

c. more for lazaro and less for orlando

d. more for Orlando and less for Lazaro

Reference no: EM132818222

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