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1. Net income is to be divided as follows: salary allowances of $30,000 to Partner A and $35.000 to Partner B, with any remaining net income or loss divided equally between the partners. If net income for the current year amounts to $70,000, Partner A's distributive share will be a $32, 500 b. $37, 500. c. $30,000 d. $35,000 Partner A and Partner B agree to divide net income as follows: salary allowances of $20.000 to Partner A and $25,000 to Partner B, with any remaining net income or loss divided equally between the partners. If net income for the current year amounts to $50,000, Partner A's distributive share will be a. $27, 500. b. $25,000. c. $20,000 d. $22, 500. Assume that the articles of partnership specify that net income is to be divided in the ratio of capital investments. Partner A's capital account has a balance of $80,000, and Partner B's capital account has a $70,000. If the net income for the current year is $40,000, Partner A's distributive share will be a. $18, 667. b. $21, 333. c. $80,000. d. $150,000 Angie Vincent and Laura Horn agree to divide partnership net income based on the ratio capital, investments. Angie's capital account has a balance of $100,000, and Laura's capital account has a balance $120,000. If the net income for the current year is $35,000, Laura's capital balance after the distribution be a. $115, 909 b. $139, 091. c. $119, 091 d. $19, 091

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