Franco and Jason share income and losses in a 2:1 ratio after allowing for salaries of $15,000 and $30,000 . If the partnership suffers a $15,000 loss, by how much would Jason's capital account increase?
a. $10,000
b. $20,000
c. $40,000
d. $25,000
a
Business
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Which of the following statements is NOT true?
A. Many service firms refer to their offerings as "products." B. The objective of the product decision is to develop and implement a product strategy that meets the demands of the marketplace with a competitive advantage. C. The term "products" refers to tangible goods only. D. The product decision includes the selection, definition, and design of products.
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Convergent thinking is the ability to see the similarities and the connections among various and often diverse data and events
Indicate whether the statement is true or false.
Business