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Jack and jill share income and losses in a 21 ratio after

Question - Jack and Jill share income and losses in a 2:1 ratio after allowing for salaries to Jack of $23,531 and $29,861 to Jill. Net income for the partnership is $45,486. How should income be divided?

a) Jack, $18,260; Jill, $27,226

b) Jack, $22,743; Jill, $22,743

c) Jack, $15,625; Jill, $15,625

d) Jack, $30,324; Jill, $15,162

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Accounting Basics: Jack and jill share income and losses in a 21 ratio after

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Accounting Basics: Jack and jill share income and losses in a 21 ratio after

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