Debbie and Alex Formed a New Partnership

question 5

Multiple Choice

Debbie and Alex formed a new partnership.The partnership agreement specified that income should be allocated in a 2-to-1 ratio,with Debbie receiving the larger portion.If revenue for the first year was $90,000 and expenses were $60,000,how much would be allocated to each partner?

• A)Debbie-$45,000;Alex-$45,000
• B)Debbie-$20,000;Alex-$10,000
• C)Debbie-$60,000;Alex-$30,000
• D)Debbie-$40,000;Alex-$20,000

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