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Shue, a partner in the Financial Brokers Partnership, has a 30 percent share in partnership...

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Accounting

Shue, a partner in the Financial Brokers Partnership, has a 30 percent share in partnership profits and losses. Shue's capital account had a net decrease of $100,000 during 2008. During 2008, Shue withdrew $240,000 as withdrawals and contributed equipment valued at $50,000 to the partnership. What was the net income of the Financial Brokers Partnership for 2008?

A. $633,334 B. $466,666 C. $300,000 D. $190,000

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