tyler hawes and piper albright Formed a partnership, investing$216,000 and $144,000, respectively.
Determine their participation in the year is net income of $420,000under each of the following independent assumptions:
a. no agreement concerning division of net income.
b. divided and the ratio of original capital investment.
c. interest at the rate of 15% allowed on original investmentsand the remainder divided in the ratio of 2:3
d. Salary allowances of $58,000 and $80,000, respectively, andthe balance divided equally
e. Allowance of interest at the rate of 50% on originalinvestment, salary allowances of $58,000 and $80,000, respectively,and the remainder divided equally.
