Rachel and Dillon divide partnership income and losses solely on the basis of their average capital balances.Rachel had $55,000 invested during all of 20x5;Dillon had $40,000 invested from January 1 to August 31,and he invested another $15,000 on September 1.If income was $160,000 during 20x5,how much should each partner receive?

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The Answer of Rachel and Dillon divide partnership income and losses solely on the basis of their average capital balances.Rachel had $55,000 invested during all of 20x5;Dillon had $40,000 invested from January 1 to August 31,and he invested another $15,000 on September 1.If income was $160,000 during 20x5,how much should each partner receive?

Rachel and Dillon Divide Partnership Income and Losses Solely on the Basis