Hay, Straw and Clover formed the HSC Partnership, agreeing to share profits and losses equally. Clover will manage the business for which he will receive a guaranteed payment of $30,000 per year. Cash receipts and disbursements for the year were as follows Net income from operations (before guaranteed payment)$90,000Guaranteed payment to Clover 30,000What is Clover's share of the partnership's ordinary income and guaranteed payment?
A. Ordinary income, $30,000; Guaranteed payment, $10,000.
B. Ordinary income, $30,000; Guaranteed payment, $30,000.
C. Ordinary income, $20,000; Guaranteed payment, $30,000.
D. Ordinary income, $20,000; Guaranteed payment, $10,000.
Answer: C
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Fill in the blank(s) with correct word
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Identify the underlined clause. They left at 5 a.m. so they could make the drive in a single day
a. adjective b. adverb c. noun