Answer:
Option "C" is the correct answer to the following statement.
Explanation:
Given:
Total Income before Partners Distribution = $210,000
Total Distribution = %90,000
Addition cash to Stephanie = 30,000
Computation of Stephanie's Income:
Amount after distribution = ($210,000 - $90,000)
= $120,000
Stephanie's Share = $120,000 x 40%
= $48,000
Stephanie's Total income = Stephanie's Share in distribution + guaranteed payment
= $48,000 + $30,000
= $78,000