Luke and John share income and losses in a 2:1 ratio after allowing for salaries to Luke of $48,000 and $60,000 to John. Net income for the partnership is $93,000 . Income should be divided as

a. Luke, $46,500; John, $46,500
b. Luke, $55,000; John, $38,000
c. Luke, $65,000; John, $28,000
d. Luke, $38,000; John, $55,000


d

Business

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