Safarl Fle Edit View History Bookmarks Window Help Course Home Reader rt llt! ?

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Safarl Fle Edit View History Bookmarks Window Help Course Home Reader rt llt! ? openvellum.ecollege.com/course.html?courseld..14 758321 C membership ch Course Home ACC1200-SU2018 Save Homework: HW CH12 Score: 0 of 1 pt 38 of 40 (40 complete) V Score: 92.5%, 37 of 12.3-7a i Question Help * Steve and Roger allocate 2/3 of their partnership's profits and losses to Steve and 1/3 to Roger. If the net income of the firm is $28,000, calculate Roger's share of net income. (Do not round any intermediate calculations.) A. $18,667 OB. $23,333 O c. $28,000 O D. $9,333

Explanation / Answer

Rogar share of income in firm

1/3

Total profit of firm 28000

So rogars share is

28000*1/3 = 9333.33

= 9333

So option D is correct in this case as rogar has share of 1/3 in the firm...

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