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Danson contributed 40000 in assets and agrees to devote

Question - Compton and Danson form a partnership in which Compton contributes $50,000 in assets and agrees to devote half time to the partnership. Danson contributed $40,000 in assets and agrees to devote full time to the partnership. How will Compton and Danson share in the division of income?

a. 5:4

b. 5:8

c. 1:2

d. 1:1

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Accounting Basics: Danson contributed 40000 in assets and agrees to devote

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Accounting Basics: Danson contributed 40000 in assets and agrees to devote

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