Business, 30.05.2020 23:58 dustinchang49

Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allowance to Poodle of $146,160. Interest of 6% on each partner's capital balance on January 1. Any remaining net income divided to Conyers and Poodle, 1:2. Conyers and Poodle had $54,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $261,000. How much is distributed to Conyers and Poodle

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Steve Conyers and Chelsy Poodle formed a partnership, dividing income as follows: Annual salary allo...