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:
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

Question

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:  ​
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

Quizplus · Accepted Answer

The Answer of 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:  ​
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

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