The DEF partnership reported net income of $130,000 for the year ended December 31, 20X8. According to the partnership agreement, partnership profits and losses are to be distributed as follows: DEFSalaries$25,000 $20,000 $15,000 Bonus on net income 10% -- -- Remainder 60% 30% 10% How should partnership net income for 20X8 be allocated to D, E, and F? DEFA)$78,000 $39,000 $13,000 B)$72,200 $37,100 $20,700 C)$52,500 $75,000 $22,500 D)$42,500 $42,500 $65,000
A. Option A
B. Option B
C. Option C
D. Option D
Answer: B
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