View Policies Current Attempt in Progress The partnership agreement of Alix, Gise, and Bosco provides...
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Accounting
View Policies Current Attempt in Progress The partnership agreement of Alix, Gise, and Bosco provides for the following income ratio: (a) Alix, the managing partner, receives a salary allowance of $108900. (b) each partner receives 15% interest on average capital investment, and (c) remaining net income or loss is divided equally. The average capital investments for the year were: Alix $596000, Gise $1280000, and Bosco $1780000. If partrvership net income is $540000, the amount allocated to Alix should be O $159200 $182800. O $198300. $89400. Sarrefoc Latur Attempts: 0 of 1 used Submit
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