Luisa,Lois,and Lucy Operate a Boutique Named Mariabelle's Dreams

question 33

Multiple Choice

Luisa,Lois,and Lucy operate a boutique named Mariabelle's Dreams.Based on advice from Luisa's sister,an accountant,the three form a partnership.Luisa owns 40% and Lois and Lucy each own 30%.For the year,Mariabelle's Dreams reports the following:
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What amount will Mariabelle's Dreams report to Luisa as her ordinary income from the partnership?

• A)$54,000
• B)$54,400
• C)$54,800
• D)$55,600
• E)$ 56,000

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