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Business, 31.10.2019 04:31 marie003

Luke and john share income and losses in a 2: 1 ratio after allowing for salaries of $48,000 to luke and $60,000 to john. net income for the partnership is $93,000. income should be divided as a. luke, $55,000; john, $38,000 b. luke, $46,500; john, $46,500 c. luke, $38,000; john, $55,000 d. luke, $65,000; john, $28,000

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Luke and john share income and losses in a 2: 1 ratio after allowing for salaries of $48,000 to luke...
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