Jackie is a 50% partner in The Lunch Box. She is to receive a guaranteed payment of

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Jackie is a 50% partner in The Lunch Box. She is to receive a guaranteed payment of $30,000. If the partnership's ordinary income before deducting the guaranteed payment is $70,000, what is Jackie's distributive share?

$15,000

$20,000

$30,000

$35,000

Related Book For answer-question

Financial Accounting

ISBN: 978-0077862381

16th edition

Authors: Jan Williams, Susan Haka, Mark S Bettner, Joseph V Carcello

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Posted Date: May 18, 2022 04:12 AM

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Jackie is a 50% partner in The Lunch Box. She is to receive a guaranteed payment of

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Financial Accounting

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