Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partners the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $38 $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Yolanda Oa. $77,000 Ob. $36,000 Oc. $44,000 Od. $38,000
Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partners the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $38 $28,000, respectively; and the remainder to be divided equally. How much of the net income of $77,000 is allocated to Yolanda Oa. $77,000 Ob. $36,000 Oc. $44,000 Od. $38,000
Chapter10: Partnerships: Formation, Operation, And Basis
Section: Chapter Questions
Problem 2BCRQ
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT