Solved: Partners gina carolton and b mosley are provided salary, Accounting Basics

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Partners gina carolton and b mosley are provided salary

Partners Gina Carolton and B. Mosley are provided salary allowances of $30,000 and $25,000, respectively. They divide the remainder of the partnership income in a ratio of 60: 40. If partnership net income is $50,000, how much is allocated to Carolton and Mosley?

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Accounting Basics: Partners gina carolton and b mosley are provided salary

Reference No:- TGS0798957

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