The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: (a) Alix, the managing partner, receives a salary allowance of $108,000, (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were: Alix $600,000, Gise $1,200,000, and Bosco $1,800,000. If partnership net income is $720,000, the amount allocated to Gise should be:
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Business, 22.06.2019 06:30, henriquetucker
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Business, 22.06.2019 09:50, winterblanco
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Business, 22.06.2019 14:00, ujusdied5176
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The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: (a) Alix...
Physics, 01.11.2019 04:31