Partners Y & Z each had $75,000 of capital on December 31.The partnership agreement calls for a profit and loss distribution of 10% on invested capital at the beginning of the year.Assuming a net income of $100,000 what would the distribution be for both partners?
A) Undetermined
B) $7,500
C) $15,000
D) Y would receive $7500 and Z would receive $15,000
Correct Answer:
Verified
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