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Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
النسخة 10الرقم المعياري الدولي: 978-1260575910Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
النسخة 10الرقم المعياري الدولي: 978-1260575910 تمرين 12
The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence:
• Jones, the managing partner, receives a bonus equal to 20 percent of the business's profit.
• Each partner receives 15 percent interest on average capital investment.
• Any residual profit or loss is divided equally.
The average capital investments for 2011 were as follows:
Jones...................................$100,000
King....................................200,000
Lane....................................300,000
How much of the $90,000 partnership profit for 2011 should be assigned to each partner
• Jones, the managing partner, receives a bonus equal to 20 percent of the business's profit.
• Each partner receives 15 percent interest on average capital investment.
• Any residual profit or loss is divided equally.
The average capital investments for 2011 were as follows:
Jones...................................$100,000
King....................................200,000
Lane....................................300,000
How much of the $90,000 partnership profit for 2011 should be assigned to each partner
التوضيح
موثّق
موثّق
Given data can be summarized as below:
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Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik
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