Dividing Partnership Income
Beau Dawson and Willow McDonald formed a partnership, investing $ and $ respectively.
Determine their participation in the year's net income of $ 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 allowed on original investments and the remainder divided in the ratio of :
d Salary allowances of $ and $ respectively, and the balance divided equally.
e Allowance of interest at the rate of on original investments, salary allowances of $ and $ respectively, and the remainder divided equally.
Dawson
b
C
d
e
McDonald
$
$
$
$
