Xavier and Yolanda have original investments of $50,300 and $107,800, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $25,500 and $29,100, respectively; and the remainder to be divided equally. How much of the net income of $106,900 is allocated to Yolanda? Oa. S73.200 Ob, s50,660 Oc. s21.560 Od. S61.000
Xavier and Yolanda have original investments of $50,300 and $107,800, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary allowances of $25,500 and $29,100, respectively; and the remainder to be divided equally. How much of the net income of $106,900 is allocated to Yolanda? Oa. S73.200 Ob, s50,660 Oc. s21.560 Od. S61.000
Chapter10: Partnerships: Formation, Operation, And Basis
Section: Chapter Questions
Problem 2BCRQ
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Transcribed Image Text:Xavier and Yolanda have original investments of $50,300 and $107,800, respectively, in a partnership. The
articles of partnership include the following provisions regarding the division of net income: interest on original
investment at 20%; salary allowances of $25,500 and $29,100, respectively; and the remainder to be divided
equally. How much of the net income of $106,900 is allocated to Yolanda?
Oa. $73.200
Ob. s50,660
Oc. s21.560
Od. S61.000
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