Time left 1:51:09 Question 29 The partnership contract for Pyle & Quan LLP provided that Pyle was to receive a salary of $12,000 a year, Quan was to receive a salary of $15,000 a year, and the resultant net income or loss after partners' salaries expense was to be divided 60% to Pyle and 40% to Quan. A partnership income of $20,000 before partners' salaries expense for the fiscal year ended May 31, 2020, is allocated: Not yet answered Marked out of 1.00 P Flag question Select one: O a. 58,889 to Pyle and $11.111 to Quan O b. 57,800 to Pyle and $12,200 to Quan O c. $12,000 to Pyle and $8,000 to Quan O d. In some other amounts Previous page Next page Time left 1:50:56 Question 30 Not yet answered Activities in the capital accounts of the partners of Walid & Farid LLP for the fiscal year ended December 31, 2020 were, Walid capital Jan. 1 was $300,000, on March 1 invested $100.000 and on December 1 withdrawn $40,000 and Farid capital Jan. 1 was $240,000, on May1 withdrawn $30,000 and on December 1 invested $150,000. the average capital balance of Farid is: Marked out of 1.00 Flag question Select one: O a. 5332,500 O b. $232,500 c. $300,000 O d. $420,000 Previous page Next page