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Debbie and Alex Formed a New Partnership $45,000\$ 45,000 ; Alex- $45,000\$ 45,000

Question 134

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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\$ 45,000 ; Alex- $45,000\$ 45,000
b. Debbie- $20,000;\$ 20,000 ; Alex- $10,000\$ 10,000
c. Debbie- $60,000;\$ 60,000 ; Alex- $30,000\$ 30,000
d. Debbie- $40,000;\$ 40,000 ; Alex- $20,000\$ 20,000

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