Jeb and Kelly divide partnership income and losses solely on the basis of their average capital balances. Jeb had $45,000 invested during all of 2010; Kelly had $30,000 invested from January 1 to September 30, and she invested another $20,000 on October 1. If income was $200,000 during 2010, how much should each partner receive?

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The Answer of Jeb and Kelly divide partnership income and losses solely on the basis of their average capital balances. Jeb had $45,000 invested during all of 2010; Kelly had $30,000 invested from January 1 to September 30, and she invested another $20,000 on October 1. If income was $200,000 during 2010, how much should each partner receive?

Jeb and Kelly Divide Partnership Income and Losses Solely on the Basis