please help!! Dividing Partnership Income Beau Dawson and Willow McDonald formed a...
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Dividing Partnership Income Beau Dawson and Willow McDonald formed a partnership, Investing $202,500 and $67,500, respectively. Determine their participation in the year's net income of $290,000 under each of the following independent assumptions: a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment c. Interest at the rate of 5% allowed on original investments and the remainder divided in the ratio of 2:3. d. Salary allowances of $40,000 and $50,000, respectively, and the balance divided equally, e. Allowance of interest at the rate of 5% on original investments, salary allowances of $40,000 and $50,000, respectively, and the remainder divided equally Dawson McDonald J1
please help!!
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