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Moore, the active partner in Moore & Besser, receives an annual bonus of 25% of...

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Question

Accounting

Moore, the active partner in Moore & Besser, receives an annual bonus of 25% of partnership net income after deducting the bonus. For the current year ended December 3 1 , partnership net income before the bonus amounted to $300,000. Moore's current-year bonus should be

A.)$56,250

B.)$60,000

C.)$75,000

D.)$100,000

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